| Still may be something to it 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".
»mediamemo.allthingsd.com/2009093···billion/
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.
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| Don't forget, everyone is hurting for cash, and NBC Universal is still a profitable business within GE. Anything is possibly, but I highly doubt GE is willing to give up one of their revenue sources. If anything, they'll spin off GE Money Bank which is in the toilet.
Rumors have always existed, last year it was that Warner Bros & NBC Univ. were going to merge and nothing happened.
Anything is possible don't forget Vivendi owns about 20% of NBCU. Who knows, maybe Vivendi will sell their portion of the company.
To make a long story short, and as NBCU employee I don't mind the arrangement we have with GE. We're all GE employees at the end of the day which opens our doors to other GE businesses. If I get tired of being on the entertainment side of the house, I could move internally and up to GE with minimal effort. Now Comcast... could be career suicide for some of us. |
| reply to fAcEtIOUs
More details here say Comcast would spin off their content entities and merge that with NBCU content, with Comcast getting 51% and GE 49%.
»www.cnbc.com/id/33123120
This might be a move by Comcast to divorce their content business by spinning it off from their cable business, thereby avoiding legal and regulatory problems in the future where competitors could have accused Comcast's content entities of giving Comcast special deals vs other cable & telco providers.
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