FishbowlDC FishbowlLA TVNewser TVSpy SocialTimes LostRemote MediaJobsDaily more GalleyCat AppNewser UnBeige AgencySpy PRNewser 10,000 Words AllFacebook AllTwitter semanticweb.com

Posts Tagged ‘GE’

Comcast Purchase Of NBCU Stake A Done Deal?

nbcu.jpgThe Wrap‘s Sharon Waxman, who first reported that a deal between cable provider Comcast and GE-owned NBC Universal “had already been completed,” said yesterday that an agreement is “done in principle.”

Reports Waxman:

“What I am hearing from inside and around the deal is that indeed the Comcast deal to buy 51 percent of NBC-Universal is done in principle, but it will be several more weeks before anything official is announced.

‘They’ve all agreed to agree,’ is how one executive with knowledge of the deal put it.”

After Waxman’s first story broke earlier this month, NBCU CEO Jeff Zucker sent an email to staffers that didn’t dispute the possibility of a deal — although it didn’t address any specifics. “It is an exciting time, and these are exciting possibilities,” he said. Read into that what you will.

Now, there a few reports that News Corp. and Liberty Media are also looking into picking up a piece of NBCU. Waxman shoots those rumors down, “Nobody I know believes the latest round of sniffing around the edges of NBC-Universal by NewsCorp or Liberty Media.”

If Waxman is right, we might be hearing an announcement about a completed deal soon. We’ll keep you posted.

Comcast & NBC-U: ‘They’ve All Agreed to Agree’ –The Wrap

Earlier: Will Comcast Buy NBC Universal From GE?

Mediabistro Event

Save with our Early Bird Rates

Job Search IntensiveSave $60 on ourĀ Job Search Intensive, an interactive online event starting June 11, 2013. Find the direction you need for your job search. Each week, we’ll feature career experts, recruiters, and HR professionals who will discuss how to get noticed by recruiters, interviewing tips, and how to create a stellar resume. Sign up soon while our early rates last. Register now.

Will Comcast Buy NBC Universal From GE?

nbcu.jpgRumors, theories and conjectures have been swirling since The Wrap reported yesterday that a deal between cable provider Comcast and GE-owned NBC Universal “had already been completed at a purchase price of $35 billion.”

But reps from Comcast later told Bloomberg, “the report that Comcast has a deal to purchase NBC Universal is inaccurate.”

However, that same report revaled that “negotiations for Comcast to buy about 50 percent of NBC Universal have been under way for at least two months.” Such a deal would depend on whether French company Vivendi SA decides to sell its 20 percent stake in NBCU.

After the jump, what some people around the industry are saying about the possible deal.

Update: Our sister blog TVNewser has an email from NBCU CEO Jeff Zucker to employees. Of the future of Vivendi’s stake, Zucker said, “They have not yet made us aware of any final decisions about their future with us; should they choose to exit, there are a number of possible things that could happen.”

Read more