Stamford, Conn. - GE Media, Communications & Entertainment, a unit of GE Commercial Finance, and NBC Universal on Wednesday announced they have launched a $250 million equity fund to invest in media and technology companies.

"The fund will focus on companies developing technologies, platforms, or business models with a strong strategic fit with NBC Universal in a wide range of areas, including advertising services, wireless, digital content and communities, and international platforms," said an announcement about the new fund.

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