11/9/2009

Comcast and General Electric are one major step closer to a joint venture that would give the cable firm majority control of NBC Universal after the two sides agreed on an evaluation of about $30 billion for NBCU, according to unnamed sources quoted in this report. But Vivendi, which owns 20% of NBCU and has not yet agreed to a deal, remains an obstacle.

Full Story:
Reuters

Related Summaries