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WSJ: Comcast, GE Agree on $30 Billion NBCU Valuation

Authored by Mark Hefflinger on November 9, 2009 - 8:55am.

New York - Comcast (NASD: CMCSA), the nation's largest cable TV provider, has agreed with General Electric (NYSE: GE) on a valuation of $30 billion for NBC Universal, the film and television company it is seeking to acquire, The Wall Street Journal reported, citing people familiar with the matter. The sources told The Journal that the two companies "are now ironing out the final details of an agreement...which could come as early as the end of this week."

Report: Comcast Closer to NBC Universal Deal

Authored by Mark Hefflinger on November 2, 2009 - 7:50am.

New York - Comcast (NASD: CMCSA) is closer to a deal with General Electric (NYSE: GE) to take over control of its NBC Universal unit, after meetings last week concluded with a tentative agreement on the main points, The New York Times reported, citing people briefed on the talks. Under the proposed deal, Comcast would contribute "several billions of dollars in cash and its own stable of cable networks," and receive a 51% stake of NBC Universal.

NBCU Profits Drop 45 Percent Due To Soft Ad Market

Authored by Jay Baage on April 17, 2009 - 12:24pm.

GE said its cable operations continued to deliver double-digit growth, but NBC Universal had a "tougher performance overall due to a soft advertising market and fewer major DVD releases" compared with a year earlier, writes TheStreet.com.

Report: Google Retains Top Spot in Global Brand Rankings

Authored by Mark Hefflinger on April 21, 2008 - 9:14am.

London - Google (NASD: GOOG) once again claimed the top spot in market research firm Millward Brown's annual list of the top 100 most powerful brands, beating out other leading brands like GE/NBC Universal (NYSE: GE), Apple (NASD: AAPL) and Microsoft (NASD: MSFT) for the honor for the third year in a row. The report estimated Google's value at $86 billion, up 30% on a year ago; second-place General Electric's brand value was estimated at $71.4 billion.

GE Commercial Finance, NBC Launch $250 Million Equity Fund

Authored by Mark Hefflinger on April 18, 2007 - 3:08pm.

Stamford, Conn. - GE Media, Communications & Entertainment, a unit of GE Commercial Finance, and NBC Universal on Wednesday announced they have launched a $250 million equity fund to invest in media and technology companies.

tags: Deals | VC | NBC Universal | GE |

Vivendi Universal, GE Finalize Entertainment Merger

Authored by Mark Hefflinger on October 8, 2003 - 4:54am.

Paris -- After more than six months of protracted and oftentimes dramatic negotiations, Vivendi Universal and General Electric (GE) on Wednesday signed a merger deal that will create a media giant -- NBC Universal -- with an estimated value of $43 billion. The terms of the deal that will combine Vivendi Universal Entertainment with GE's television network NBC were largely unchanged from those posted in September, with the exception that GE will assume a slightly larger debt than previously proposed. NBC will assume $1.7 billion of debt, as opposed to the $1.6 billion announced in September. Under the deal, GE will pay Vivendi Universal Entertainment shareholders about $3.8 billion in GE shares, as well as give them a 20% stake in NBC Universal.

tags: Vivendi Universal | Entertainment | GE |