After months of negotiations, Comcast Corp. is finally about to seal its deal for a majority stake in NBC Universal, turning the nation's largest cable TV provider into one of its most powerful media companies.
Comcast Corp. is expected to pay $13.75 billion in cash and assets to gain control of NBC Universal from General Electric Co., The Associated Press has learned.
Comcast Corp. will likely have to accept substantial conditions if the cable TV provider wants to win regulatory approval for control of NBC Universal's broadcast network, cable channels and movie studios.
Comcast 's long-awaited bid for control of NBC Universal will value the new joint venture with General Electric at an unexpectedly larger $37.25bn, that includes a higher valuation on the US cable group's pay-television stations and the potential for a larger cash outlay than analysts had foreseen.
General Electric Co and Comcast Corp are set to announce a joint venture on Thursday morning that would give the cable company eventual control of NBC Universal in this year's biggest media deal.
Comcast Corp. will likely have to accept substantial conditions if the cable TV provider wants to win regulatory approval for control of NBC Universal's broadcast network, cable channels and movie studios.
For one week at least, Donny Osmond was a big-time television star again. Osmond's victorious turn on ABC's "Dancing With the Stars" was Thanksgiving week's most popular prime-time TV program, narrowly beating CBS' "NCIS."
The deal to give Comcast Corp. control of NBC Universal is expected to be announced Thursday morning. Two people familiar with the talks told The Associated Press of the plans on condition of anonymity because the agreement has not been made public.
This is how media synergy ends, not with a bang but a whimper. Comcast, the biggest US cable television operator, is expected on Thursday to unveil a $30bn deal to buy 51 per cent of NBC Universal, the television and film company, from General Electric.
LAWTON, Okla.----GE Energy Financial Services, a unit of GE , in partnership with Horizon Wind Energy LLC, --owned by EDP Renewables -- is investing $117 million in an Oklahoma wind farm.
The term "sukuk bond" is a slightly odd one. Bonds are usually associated with interest payments. Sukuk refers to a financial instrument that complies with Islamic investment principles, which prohibit interest payments.
BRACKNELL, United Kingdom----U.K. Energy Minister Lord Hunt today officially opened Europe’s first Smart Grid Center at a ceremony held at GE Energy’s Bracknell headquarters. The new center supports the United Kingdom’s effort to help consumers use energy more efficiently and cut carbon emissions.
No comments:
Post a Comment