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

French outfit will sell Universal stake for $5.8B
By Will McCahill,  Newser Staff
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.
(Read more Comcast stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.