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Sunday, November 08, 2009
GE, Comcast Set $30 Billion Value For NBC: Report
By Michael Kitchen
MarketWatch Pulse
LOS ANGELES -- General Electric Co. and Comcast Corp. have agreed on a valuation of about $30 billion for GE's NBC Universal unit, ironing out what has been a key obstacle in talks to form a joint venture between NBC and Comcast, according to a Reuters report Sunday, citing an unnamed source familiar with the matter. The report said French media conglomerate Vivendi SA , which owns 20% of NBC Universal, has not yet agreed to a deal between Comcast and GE, the latter of which owns the remaining 80% of NBC.
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