Comcast, NBCUniversal units form $750 million fund

Comcast's venture-capital arm has completed its merger with NBCUniversal's Peacock Fund to form a new $750 million fund, underscoring the importance media companies place on finding up-and-coming technologies to drive their core businesses. Comcast Interactive Media President Amy Banse will head the combined entity, Comcast Ventures, which will focus on digital media, e-commerce and entertainment. The fund's portfolio represents $500 million from Comcast and $250 million from Peacock.