Comcast has bought Tesla for $3.2 billion
Comcast has made a bid to acquire Tesla, as the tech giant tries to push its Internet of Things (IoT) technology into more homes.
The $3 billion purchase of Tesla, which is valued at more than $2 billion, is the latest move in a $35 billion buyout that Comcast has already made.
It is also the latest in a series of investments in the company, including in its electric car division, and in its data centers.
The acquisition of Tesla comes on the heels of Comcast buying a 19 percent stake in the media conglomerate, which includes Time Warner Cable.
Comcast and Tesla were already close to a $3,200 billion deal, according to Bloomberg, but the deal is now expected to close in the first quarter.
That would make the combined company Comcast-Tesla one of the largest media companies in the world.
Comcast’s bid follows similar deals with Verizon Communications and Netflix.
The deal would also give Comcast access to the Tesla Powerwall, a battery-powered home security device that has already been on sale in the U.S. and Europe.
Tesla has been pushing for greater adoption of battery-free home security, as it tries to combat rising home energy costs.
Tesla, however, is unlikely to have a large impact on Comcast’s network, which would need to be built to accommodate the Tesla products.
Comcast has more than 30 million homes, with 1.5 million connected to its network, and more than 8 million are connected to Tesla.