Vivendi says it has sold some shares in NBC Universal to GE

27th September 2010, Comments 0 comments

French group Vivendi said on Monday it had sold about a third of its interest in US media firm NBC Universal to General Electric for 2.0 billion dollars.

Vivendi, which held 20 percent of NBC Universal, had sold a stake of 7.66 percent to General Electric for payment in cash, a Vivendi spokeswoman told AFP.

Vivendi would sell its remaining 12.34-percent stake to GE for 3.8 billion dollars once a merger between NBC Universal and Comcast is approved by US regulators.

Vivendi previously held 20 percent in NBC Universal, with US conglomerate GE owning 80 percent.

Comcast, the biggest US cable television and high-speed broadband provider, is acquiring 51 percent of NBC Universal from GE, in a deal which would create one of the biggest media companies in the United States.

© 2010 AFP

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