Comcast + NBC + GE. Deal done
Can anyone say Hulu on Comcast set-top boxes. We have an article on that coming soon.
According to source close to Cnbc ( seriously they would know, there are being bought over)
The deal between General Electric and Comcast over a majority stake in NBC Universal is complete, and there is nothing left to do but process paper, a source close to the merger told CNBC Tuesday.A deal is expected to be completed on Thursday morning, as the companies await Vivendi to sign an agreement over the the sale of its 20 percent stake in the entity, which was valued Monday at $5.8 billion, the source said.
Some expect it could take more than a year to close the transaction, as the companies await approval from the Federal Communications Commission. But sources think that ultimately, the deal will be approved by regulators.
The deal includes the spinoff of NBC Universal and $9 billion in debt. It also includes the merger of Comcast’s content assets and a $6 billion cash contribution.The deal would make Comcast one of the nation’s largest entertainment companies rivaling the heft of its former takeover target, The Walt Disney Co
Wow Comcast will get 51% of NBC and GE gets 49%. This is going to be big