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Comcast and GE one step closer to NBCU merger

Written by Andre Yoskowitz (Google+) @ 02 Dec 2009 13:14 User comments (4)

Comcast and GE one step closer to NBCU merger Cable giant Comcast is one step closer to finalizing a deal with General Electric that will give the media company a 51 percent majority stake in NBC Universal, the struggling broadcast and movie unit.
The merger can move forward now that Vivendi has agreed to sell their 20 percent stake in NBCU to GE for $5.8 billion USD.

Of course, the Vivendi deal will need to be approved by FCC regulators but the sale should not meet much resistance.

If approved, Comcast will buy their stake for $30 billion USD. That deal will need regulator approval as well and could take up to 18 months to complete.

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4 user comments

12.12.2009 23:40

Oh lord with comcast on top it wont be pretty ><

23.12.2009 19:52
kubapolak
Inactive

yep, I'm don't think these buyouts will benefit the end-consumer.

35.12.2009 18:45

Comcast spends 30 billion and my cable still sucks.

45.12.2009 18:47

Originally posted by DADEO1:
Comcast spends 30 billion and my cable still sucks.
Since when do they make it better? they are to bust monopolizing it...

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