Comcast/NBC Universal Merger?
October 1, 2009 by Bill Sobel
Filed under Industry News
Did anyone see this one coming?
Associated Press
Summary of Comcast-NBC Universal deal
By The Associated Press, 10.01.09, 06:33 PM EDT
Comcast Corp. is in talks to take a 51 percent stake in NBC Universal, which is owned by General Electric Co. NBC Universal owns the NBC network, Universal Pictures, Universal theme parks, Telemundo and cable channels including Bravo, USA Network and CNBC. Some highlights:
THE DEAL: GE is expected to buy French media conglomerate Vivendi SA’s 20 percent ownership stake in NBC Universal as early as mid-November. GE is then expected to contribute those shares toward NBC Universal, which will be spun off into a separate company. Comcast ( CMCSA – news – people ) is negotiating to buy a controlling interest in NBC Universal. GE will retain 49 percent ownership.
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