Andre Yoskowitz
2 Dec 2009 13:14
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.