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Vivendi Agrees, Comcast/NBC Deal Soon – $5.8 billion for Vivendi’s stake in NBC Universal
In: Breaking|broadbandreports.com|Communication|Finances|Networks|Site Feeds|Television|Video
1 Dec 2009
According to the New York Times, Vivendi executives have agreed with General Electric in principle on a price to offload their 20% stake in NBC Universal, eliminating the final obstacle in Comcast’s planned acquisition of the media giant.
Recent leaks from inside the very leaky “secret” negotiations indicated that Vivendi wanted about $500-$900 million more than GE was willing to pay. The word now is that Vivendi is willing to part with their share for a cool $5.8 billion. As it stands, there’s a few loose ends to clear up, but the final deal should be officially announced by Thursday, according to chatty insiders.
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