Reports: Comcast in Talks to Take Stake in NBC Universal

Authored by Mark Hefflinger on October 1, 2009 - 10:16am.

New York - According to reports from multiple news outlets, Comcast (NASD: CMCSA), the nation's largest cable TV provider, is in talks to acquire or purchase a stake in content giant NBC Universal from General Electric (NYSE: GE).

The first reports on the talks were published on Wednesday evening, and stated that Comcast was looking to buy about 50% of NBCU.

More recent reports indicate that GE could spin off NBC Universal into a new company, which would then be merged with Comcast's content-related assets -- which include E!, Style Network, G4, Golf Channel, FEARnet, a number of regional sports networks, and its interactive division.

The reports state that no deal is finalized and could still fall through.

Comcast made a failed bid to acquire Disney for $54 billion back in 2004.

Related Links:
http://snipurl.com/s9m19 (PaidContent)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aifn0K1cGP3I

http://online.wsj.com/article/SB125438284720055575.html

http://www.cnbc.com/id/33123120

http://www.reuters.com/article/newsOne/idUSTRE57F1O920090816