CORRECTED: Comcast CFO Angelakis To Head New $4.1 Billion Strategic Company

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(Corrects $4.1 billion figure in headline) NEW YORK -- Comcast Corp. said it has entered an agreement with its vice chairman and chief financial officer Michael Angelakis to set up a new strategic company to invest in growth-oriented companies. Comcast will invest $4.0 billion in the new company, which will be headed by Angelakis as chief executive and have total capital commitments of up to $4.1 billion. The cable company, which is approaching the closing date for its merger with Time Warner Cable Inc. , will immediately start the search for a new CFO. Comcast shares were not yet active in premarket trade but are down 2.4% in the year so far, while the S&P 500 has gained 1.8%.

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