Comcast Dealing For Majority Ownership in NBC/Universal

Meg James in the Los Angeles Times is reporting that Comcast is going after the majority ownership of NBC/Universal.

“Under the terms of the planned merger deal, Comcast would contribute its entertainment cable channels, including E and Style; nine regional sports networks; and about $6 billion in exchange for 51% ownership of the new venture.

GE would contribute NBC Universal and receive a 49% stake in the joint entity. It would also get about $9 billion, which the new venture would provide by taking on debt.” -Los Angeles Times

The Times reports that the deal with Comcast should close once NBC cuts a deal to buy out its current partner, Vivendi.

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