George S. May Business Blog

Comcast / General Electric / NBC deal looks to be a lock

Comcast may be as little as a week away from buying out a controlling stake in NBC Universal from General Electric. Comcast would take a 51% stake creating a $30 billion joint venture. The deal does also hinge upon part owner Vivendi agreeing to sell its 20% stake in NBC Universal back to GE.

The NBC Universal channels business has steadily grown its international footprint. Having acquired the rights to the Hallmark brand in Europe, following the £174 million purchase of Sparrowhawk in 2007, the rebranded Universal Networks has gone on to build a portfolio that also includes Universal Channel, 13th Street Universal, Syfy Universal (the former Sci Fi), Diva Universal and Studio Universal.

Comcast also holds international interests running local versions of E! Entertainment and Style Network.

Related posts:

1. GE, Comcast agree to terms – will take over NBC Universal General Electric and Comcast have finally come to an agreement in which they will form a joint venture to take over NBC Universal. Details below....


2. Rumors circulate that Comcast will buy NBC Universal Late last night, “The Wrap”, an entertainment news site, issued a report/rumor/what have you, claiming that Comcast had reached an agreement to buy NBC Universal...


3. A few interesting points surrounding the Siemens-Solel deal Pending approval by responsible authorities, Siemens AG is set to acquire solar thermal power company Solel Solar Systems Ltd. The purchase price is around $418...


4. Tesla Partners with Toyota to Build Electric Cars Tesla Motors is one of those companies you don’t hear much of until you’re inundated with news of their latest ventures and partnerships. And truly...


5. Fashion Giants Strike a Deal Tommy Hilfiger and Calvin Klein, two large and near-iconic American fashion companies, are joining forces. Both companies are at the height of the style, which...