News Corp., Liberty interested in NBC UniComcast has been in talks with the companyOct 12, 2009, 07:15 PM ET
Cable company Comcast has been widely reported to be in talks with NBC Universal parent General Electric to buy a controlling stake in the broadcast, cable and movie company. Under the proposed deal, NBC Universal would become a joint venture 51% owned by Comcast and 49% by GE. But GE, which has been pressured by investors to offload its 80% stake in NBC Universal, is considering a host of proposals for NBC Universal, as partner Vivendi SA whether to sell its 20% stake. News Corp, which owns the Fox TV network and the Wall Street Journal, had been seen as a less likely bidder, analysts have said, because taking a stake in NBC might raise antitrust concerns with the U.S. government. Liberty Media has been seen as possible bidder for a minority stake in NBC Universal because of its history of taking minority stakes in big media companies. Spokespeople for GE, Comcast and News Corp. were not available for comment. A spokeswoman for Liberty Media declined comment. News Corp., Liberty interested in NBC UniComcast has been in talks with the companyOct 12, 2009, 07:15 PM ET
NEW YORK -- Rupert Murdoch's News Corp. and John Malone's Liberty Media are interested in NBC Universal, according to a report by CNBC, citing sources.
Cable company Comcast has been widely reported to be in talks with NBC Universal parent General Electric to buy a controlling stake in the broadcast, cable and movie company. Under the proposed deal, NBC Universal would become a joint venture 51% owned by Comcast and 49% by GE. But GE, which has been pressured by investors to offload its 80% stake in NBC Universal, is considering a host of proposals for NBC Universal, as partner Vivendi SA whether to sell its 20% stake. News Corp, which owns the Fox TV network and the Wall Street Journal, had been seen as a less likely bidder, analysts have said, because taking a stake in NBC might raise antitrust concerns with the U.S. government. Liberty Media has been seen as possible bidder for a minority stake in NBC Universal because of its history of taking minority stakes in big media companies. Spokespeople for GE, Comcast and News Corp. were not available for comment. A spokeswoman for Liberty Media declined comment.
|
||||||||
|
|
Get Box Office Alerts via Mobile
FREE Newsletters
Share on LinkedIn
|
||||||||
