On Thu, Oct 1, 2009 at 3:15 PM, Tom Wolper wrote: > Today's article/update: > > GE Is in Talks to Spin Off NBC, Give Comcast 51% of New Unit > > The deal under consideration would allow Comcast to take 51% economic > control of NBC Universal through its contributions of content assets > such as the "E" channel, the Golf Channel and a group of regional > sports networks and the contribution of as much as $7 billion in cash > to the new company. > > The prospective deal is complex and is far from a certainty. Under the > scenario being contemplated, GE would spin off NBC Universal, along > with a significant amount of debt, into a new company. > > Comcast would merge content assets that it values at as much as $6 > billion, along with cash, so that it would take a 51% ownership stake. > > GE would control 49% and—as part of the spin off of NBC > Universal—would be able to contribute as much as $12 billion in debt > to the spun off entity, say people familiar with the negotiations. > > http://www.cnbc.com/id/33123120 >
And it's curious that Comcast stock has taken such a beating because of this. And that Time Warner got a rally supposedly because of investor relief that *they* aren't trying to buy NBCUni. Is NBC that damaged as goods. It's not as though Comcast can do worse with NBC than NBC has on its own. -- Wesley McGee http://www.ambivi.com http://sterlingnorth.vox.com --~--~---------~--~----~------------~-------~--~----~ TV or Not TV .... The Smartest (TV) People! You received this message because you are subscribed to the Google Groups "TV or Not TV" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/tvornottv?hl=en -~----------~----~----~----~------~----~------~--~---
