GE To Buy Vivendi Stake In NBC For $5.8B

Law360, New York (December 1, 2009, 4:43 PM EST) -- General Electric Co. has reportedly reached a tentative agreement to buy Vivendi SA's minority stake in media and entertainment behemoth NBC Universal Inc. for about $5.8 billion, eliminating one of the final roadblocks for the sale of NBC to cable giant Comcast Corp.

GE, which owns 80 percent of NBC, would acquire the French media conglomerate's 20 percent stake in the media company, the Wall Street Journal reported Tuesday, citing unnamed sources Tuesday.

If approved, the deal with Vivendi would then allow GE to go ahead...
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