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GE closer to deal with Vivendi for NBCU stake
 
Comcast, NBC deal still uncertain
 
Comcast, NBC Universal in advanced talks on merger
Posted on Mon, Nov. 9, 2009


Comcast, GE said to set $30B value on NBC Universal

Comcast Corp. and General Electric Co. agreed to value GE's NBC Universal at about $30 billion as they discuss creating a joint venture to own the entertainment division, Bloomberg News reported today, citing three people familiar with the matter.

Vivendi SA, which owns 20 percent of NBC Universal, isn't yet part of the agreement but the deal would be dependent on the Paris-based company selling its stake, according to one of the people, Bloomberg reported.

GE, which owns the remaining 80 percent, and Philadelphia-based Comcast, the largest U.S. cable company, are in talks to create a company that would include New York-based NBC Universal.

Comcast would own 51 percent of the venture, and could increase that ownership position to 100 percent over three to seven years, sources say.

Word that the deal was being discussed at all came to light only at the end of September.

 


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Comments   
Posted 10:56 AM, 11/09/2009
Digifant
The deal is already done. They just aren't sharing news with you or us. Hulu will soon cost $20 month.
Posted 11:04 AM, 11/09/2009
Seaner
Comcast's buying NBC is like Time Warner buying AOL: Out of step w/ the times and trends. Normally, Comcast is very forward-looking. As a shareholder of both Comcast and GE, I'm not enamored of the prospect of buying anything that GE (GE shares down 70% this past year) wants to sell. Indeed, beware of anything that GE head Jeffrey Immelt agrees to sell, since Immelt trys to hold on to everything (including his job) until the point of implosion.
Posted 11:24 AM, 11/09/2009
fafafooey
NBC's liberal-biased cable channel MSDNC, with Keith Overbite and Rachel Madcow, will fit right in with the Democrats that run Comcast...
Posted 03:04 PM, 11/09/2009
october9
And Comcast just keeps getting BIGGER AND BIGGER AND BIGGER
Posted 03:04 PM, 11/09/2009
october9
And Comcast just keeps getting BIGGER AND BIGGER AND BIGGER
Posted 03:33 PM, 11/09/2009
Peter Cavanaugh
http://petercavanaugh.wordpress.com/2009/11/09/comcast-concast/
Posted 07:19 PM, 11/09/2009
DC
Get those resumes current, Comcasters: A lot of you are about to be redeployed to the unemployment line. They've got to pay for this somehow.
Posted 08:26 PM, 11/09/2009
JFM557
Nothing good will come from this
8 comments
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