Wednesday Evening Links > RUMOR: Comcast buying NBC - WHY?

here’s the report: Sharon Waxman of TheWrap says cable giant Comcast (CMCSA) is buying all of NBC Universal from GE (GE) for $35 billion.

The deal was hammered out by reps at a Tuesday meeting, Waxman reports, citing “two individuals informed about the meeting”

Comcast, in a statement, says the story is untrue: “”While we do not normally comment on M&A rumors, the report that Comcast has a deal to purchase NBC Universal is inaccurate.” NBC Univesal has no comment.

said by fAcEtIOUs:

»mediamemo.allthingsd.com/2009093···billion/
Note, that Comcast says the report is inaccurate and NOT WRONG. Maybe the report just got the amount wrong or Comcast isn't buying ALL of NBC and that is why Comcast said "inaccurate".