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.
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