NBC Universal valued at $30 billion

General Electric, Comcast agree price tag

LONDON — The sale of NBC Universal took a step closer Monday as General Electric, which holds an 80% stake in NBC U, and Comcast agreed the price tag, according to wire reports.

The pair have valued NBC U at around $30 billion. Under the proposed deal, Comcast would take a 51% stake.

However, it is not a done deal as Vivendi, which holds the remaining 20% in NBC U, is able to veto the pact. The Federal Communications Commission could also scupper the plan on anti-trust grounds.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading