Vivendi Sells NBC Stake As Part Of $37B Comcast Deal

Law360, New York (September 27, 2010, 11:41 AM EDT) -- Vivendi SA said Monday it had sold a 7.66 percent stake in NBC Universal Inc. to General Electric Corp. for $2 billion, advancing a $37 billion deal in which cable giant Comcast Corp. will take control of the television network and its substantial broadcast and Internet assets.

The remainder of Vivendi’s stake — 12.34 percent — will be sold for $3.8 billion to GE on completion of the GE-Comcast transaction, the French media company said.

In December, GE reached an agreement to buy out Vivendi's stake...
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