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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,
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,
NBC, Blackstone and Bain buy Weather Channel
A consortium of Bain Capital, Blackstone and NBC Universal is buying Weather Channel for about $3.2bn in what may prove to be the largest US leveraged buy-out this year. The group beat Time Warner in a closely contested auction after privately held Landmark Communications put Weather Channel and a variety of other media properties on the block.
Weather Channel bid could signal trend
The group that has emerged as the frontrunner in the bidding for cable television’s Weather Channel has assembled a financing package that shows how dramatically the buy-out world has changed since the onset of the global credit crisis.