Comcast's NBC Deal Gets Help With GE-Vivendi Pact

French outfit will sell Universal stake for $5.8B
Posted Nov 30, 2009 8:02 PM CST
Comcast's NBC Deal Gets Help With GE-Vivendi Pact
Comcast is closer to obtaining NBC Universal.   (AP Photo)

Comcast’s acquisition of NBC Universal got a little closer to reality tonight with news that NBC’s parent company, General Electric, has a deal to buy the 20% of NBCU owned by France’s Vivendi—a stake that threatened to torpedo the sale to Comcast. GE would pay $5.8 billion under the tentative pact, giving it 100% of NBCU—but that figure values NBCU at $29 billion, not the $30 billion Comcast agreed to pay GE.
(More Comcast stories.)

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