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Posted on November 30, 2009 | tags

 

Biz: An electric company and a water company make a deal on a media giant

  • GE and Vivendi agree on terms that’ll allow a Com­cast deal to go for­ward. How much is Vivendi’s 20% stake in NBC Uni­ver­sal? $5.8 bil­lion. At least that’s the num­ber the water com­pany agreed on with Gen­eral Elec­tric. GE, which owns 80% of the com­pany, is in the midst of build­ing a 50/50 joint ven­ture with media giant wannabe Com­cast. The deal clears the way for that to hap­pen. source
 
 
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