Saturday, November 14, 2009

Comcast seals deal to buy 'controlling' interest in NBC

BREAKING NEWS ALERT--

From a source on the GE board:

Cable TV operator Comcast Corp. is expected to buy a controlling stake in NBC perhaps as early as Sunday. Vivendi Corp. has an option to sell its 20% stake in NBC Universal. Majority owner GE is expected to buy it and then sell a 51% stake of the entire NBC unit to Comcast.

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