AfterDawn: News

Comcast and GE one step closer to NBCU merger

Cable giant Comcast is one step closer to finalizing a deal with General Electric that will give the media company a 51 percent majority stake in NBC Universal, the struggling broadcast and movie unit.

The merger can move forward now that Vivendi has agreed to sell their 20 percent stake in NBCU to GE for $5.8 billion USD.



Of course, the Vivendi deal will need to be approved by FCC regulators but the sale should not meet much resistance.

If approved, Comcast will buy their stake for $30 billion USD. That deal will need regulator approval as well and could take up to 18 months to complete.

Written by: Andre Yoskowitz @ 2 Dec 2009 13:14

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• 4 comments

• ZippyDSM

  Oh lord with comcast on top it wont be pretty ><

  2.12.2009 23:40 #1

• kubapolak

  yep, I'm don't think these buyouts will benefit the end-consumer.

  3.12.2009 19:52 #2

• DADEO1

  Comcast spends 30 billion and my cable still sucks.

  5.12.2009 18:45 #3

• ZippyDSM

  Originally posted by DADEO1: Comcast spends 30 billion and my cable still sucks.Since when do they make it better? they are to bust monopolizing it...

  5.12.2009 18:47 #4