NBC Universal and Comcast may have a deal

A report posted to the Wall Street Journal’s Web site said that GE and Comcast have come to an agreement on how to value NBC Universal, a key element of reaching a deal that would let Comcast acquire the television and movie arm of GE.

The Journal, citing unnamed sources, highlights details of the complex deal, which could take a year to gain regulatory approval and could take several years to transition,complexity of the deal. The Journal’s report notes that, while the talks have gained momentum, discussions could still break down for other reasons, including the role of French media and telecom company Vivendi SA, which owns 20% of NBC Universal but has reportedly expressed an interest in shedding its stake.

The current deal being hammered out calls for Comcast to contribute cash and merge its cable networks with NBC Universal to get an initial 51% stake of the expanded company, the Journal reports.
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