GE To Hand Comcast Reins At NBC In $37B Venture

Law360, New York (December 3, 2009, 3:34 PM EST) -- General Electric Co. has officially agreed to sell a majority stake in NBC Universal Inc. to Comcast Corp. in a joint venture valued at about $37 billion, though regulators have vowed to investigate the acquisition.

The deal will create a new joint venture between GE and Comcast, combining NBC, valued at about $30 billion, with Comcast's cable networks, regional sports networks and certain digital media properties, which are valued at about $7.25 billion, the companies said.

Comcast will pay $6.5 billion in cash to GE, while...
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