FACTBOX-Basic facts about GE-Comcast deal

Dec 3 (Reuters) - Comcast Corp (CMCSA.O) on Thursday said it would buy a 51-percent stake in NBC Universal from General Electric Co (GE.N), creating a media powerhouse in the biggest media deal this year.

Here are the basic facts about the joint venture:

OWNERSHIP REGS:

* Comcast to own 51 percent of NBCU, GE to own 49 percent

* GE to contribute its NBCU stake, valued at $30 billion

* Comcast to contribute cable channels, regional sports networks and two Internet assets -- Fandango and Daily Candy, valued at $7.25 bln

* JV to include 234 NBC-affiliated stations; 10 owned and operated

FINANCIAL STRUCTURE:

* NBC Universal to borrow $9.1 bln, give proceeds to GE

* Comcast to pay GE about $6.5 bln in cash, subject to adjustment based on various events between signing and closing

* NBCU has obtained $9.85 bln in financing

* Deal to generate about $8 bln cash at closing

MANAGEMENT STRUCTURE:

* Jeff Zucker will be CEO of JV

* JV to have five-member board: three Comcast nominees and two GE

* GE can redeem half of its stake at the 3-1/2 year mark, and remaining at seven-year mark, allowing Comcast 100 percent eventual ownership

* Regulatory approval and closing expected in nine to 12 months

VIVENDI-GE DEAL

* GE to buy Vivendi's 20 percent stake for $5.8 billion

* GE to buy about 38 percent of Vivendi's stake for $2 bln in September 2010, if Comcast deal not closed by then

* GE to acquire remaining Vivendi stake for $3.8 bln when Comcast deal closes (Compiled by Jui Chakravorty; Editing by Maureen Bavdek) ((jui.chakravorty@thomsonreuters.com; +1 646-223-6033))