Finance Blog number 1

November 9, 2009

GE, Comcast agree on NBC Universal valuation: source

Filed under: news — Tags: , — Sun @ 3:24 pm

General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for NBC Universal, ironing out what has been a key obstacle in talks to form a joint venture between NBC Universal and Comcast, a source familiar with the matter said on Sunday.

French media conglomerate Vivendi, which owns 20 percent of NBC Universal, has not yet agreed to a deal between GE and Comcast. GE owns 80 percent of NBC Universal.

(Reporting by Jui Chakravorty Das, writing by Megan Davies; Editing Bernard Orr)

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