Vivendi Closer To Deal For NBC U Stake?

November 16, 2009 · Posted in M&E Daily, Today's M&E Connections 

The joint venture being negotiated between Comcast and GE For NBC Universal hinges in large part on whether France’s Vivendi decides to sell its 20% stake in the company back to GE. On Friday, Vivendi triumphed in a two-month battle with Spanish media giant Telefonica for a controlling interest in Brazilian telco provider GVT. Vivendi’s hot pursuit of the $4.1 billion deal, which gives it a majority stake in the Brazilian telco provider, has Wall Street convinced that Vivendi will use the proceeds from the NBC U stake sale to pay for the GVT deal. By Variety

Tags: , , ,

Comments

Leave a Reply

You must be logged in to post a comment.

Industry Events

Untitled Document

  • Content Protection

  • Signup for the M&E Daily
    * indicates required

  • Stay Connected