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Posts Tagged ‘Vivendi’
Several news outlets reported last night that General Electric had reached an agreement with Vivendi to buy the remaining stake in NBC Universal that it did not yet own. This long-expected agreement now paves the way for Comcast to step in and pick up a controlling interested in NBCU from GE.
Our sister blog TVNewser has a run down of some of the coverage on the deal. Among the highlights:
- GE will reportedly buy Vivendi’s 20 percent stake in NBCU for about $5.8 billion.
- The 51 percent stake in NBCU that Comcast has been eying is valued at about $30 billion
- If the GE-Comcast deal doesn’t close by the end of next year, GE has agreed to pay Vivendi an additional $2 billion.
Read more: General Electric, Vivendi Agree On NBCU Stake, Paving Way for Comcast Deal –TVNewser
Previously: Zucker To Lead Comcast-NBCU Venture
Rumors, 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.”