How General Electric set to buy Vivendi’s NBC Universal stake?
Posted on December 01, 2009 at 09:50 AM EST
General Electric Co. (NYSE:GE) and Vivendi SA (PINK:VIVDY) (EPA:VIV) agreed on a $5.8 billion valuation for the French company’s 20 percent stake in NBC Universal. A deal with Vivendi would allow GE, NBC Universal’s 80 percent owner, to create an entertainment joint venture controlled by Comcast Corporation (NASDAQ:CMCSA) . Shares of General Electronic Co (GE.N) gained [...]
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