GE, Vivendi Deal Would Allow Comcast To Buy NBC
STEVE INSKEEP, host:
NPR's business news starts with a big media merger moving forward.
(Soundbite of music)
INSKEEP: Comcast is a little bit closer to buying NBC Universal. Now, this is a complicated deal, and here's what had to happen first: NBC's current owner, General Electric, has reportedly agreed on the price it will pay to buy part of NBC that it does not currently own. That stake is held by a French company, Vivendi. Once GE owns more of NBC, it can sell NBC to Comcast, which has a plan to combine its cable system with NBC Universal's film and television offerings and create an entertainment giant. GE is hoping to sell NBC Universal so it can focus on its core manufacturing products like jet engines and medical equipment.
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