The Company will use cash on hand to buy back the shares and the transaction is expected to settle within two business days. Executive Commentary Bob Rosenblatt, Chief Executive Officer at Evine, stated, "Comcast and NBCUniversal have and continue to be great business partners, as our network is distributed on Comcast's cable television systems. We were happy to work with them to efficiently reduce this non-core investment that Comcast inherited in their acquisition of NBCUniversal in 2011. We look forward to continuing to partner with Comcast to build a strong future for Evine."