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’Comcast to take control of NBCU
Comcast has sealed an agreement to take control of NBC Universal from General Electric in a deal valuing the media property at $30bn and creating one of the largest US media companies. Comcast will pay about $6.5bn in cash and will own 51% of the combined venture and GE will own 49%.
Comcast bid values NBC JV at $37bn
Comcast’s long-awaited bid for control of NBC Universal will value the new joint venture with General Electric at an unexpectedly larger $37.25bn before debt, boosted by a higher valuation on the US cable group’s pay-TV stations,
No cash for Vivendi in NBC deal
Vivendi will not receive any cash upfront from General Electric for its stake in NBC Universal under a $5.8bn proposed deal agreed this week. GE will pay more than its original offer of about $5bn for the French media group’s 20% stake in NBCU but delay payments until at least late next year.
GE, Vivendi agree NBCU deal
General Electric has agreed to pay Vivendi $5.8bn for the French group’s 20% stake in NBC Universal, paving the way for the conglomerate’s planned sale of 51% of the US media group to Comcast. The valuation,
Comcast closes in on NBC stake
Comcast may seal a deal to buy a controlling stake in NBC Universal from General Electric by next Monday, creating one of America’s largest media companies. The deal, which values NBC Universal at about $30bn,
CDS report: Earnings beats, positive data boost sentiment
Markit’s Gavan Nolan wrote this CDS report
European credit indices recovered losses from yesterday’s correction amid signs that the major economies are continuing to improve. The Markit iTraxx Europe index was trading around 87bp,
Vivendi mulls NBC Universal sale
French telecoms and media company Vivendi is considering selling its 20% stake in NBC Universal this year, reports the WSJ. However a final decision will not be made until at least mid-November and will depend on whether Vivendi can get a good price,
GE, Comcast eye NBC Universal options
Comcast is in talks with General Electric to create a new venture that would combine NBC Universal and the content assets of the top US cable operator. The potential Comcast deal emerged this week as one of several options GE is pursuing as it waits for Vivendi,
Comcast eyes NBC Universal stake
Comcast, the largest US cable network, is in talks with General Electric to buy a stake in NBC Universal, reports Bloomberg. Negotiations for Comcast to buy about a 50% NBC Universal stake have been ongoing and a deal would depend in part on Vivendi making a decision to sell its 20% holding,
GE pays price for credit crunch
General Electric, the world’s biggest corporate borrower, on Thursday highlighted the recent sea-change in market sentiment by paying much higher interest rates to raise debt. GE, a benchmark for other companies looking to issue,