MUMBAI: Denying that it was mulling a takeover of NBC Universal, Comcast has agreed that it was discussing the formation of a new joint venture company with the General Electric owner. As part of the deal, Comcast would manage the new entity and merge its own cable assets into the venture. |
The new company Comcast would have a 51 per cent stake in the new venture in NBC Universal while that of General Electric would be 49 per cent. Comcast‘s only cash outlay would be in the range of $4 billion to $6 billion range, it is understood. The deal is dependent on Vivendi giving up its 20 per cent stake in NBC Universal that has a majority stake. General Electric may also contribute $12 billion in debt to the spun-off entity. Comcast‘s assets include: E!, Style, Golf Channel and a group of regional sports networks. |
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