GE, Comcast agree on NBC Universal valuation - source

Sun Nov 8, 2009 7:35pm EST
 
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NEW YORK, Nov 8 (Reuters) - General Electric Co (GE.N). and Comcast Corp (CMCSA.O) 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 (VIV.PA), 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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