EC approves Weather Channel sale
NBC Uni, Blackstone, Bain Capital in $3.5 bil dealBRUSSELS -- The European Commission on Thursday gave the green light to Landmark Communications' $3.5 billion sale of the Weather Channel to a consortium that includes NBC Universal and private equity firms Blackstone Group and Bain Capital.
The deal includes the Weather Channel cable network and Weather.com, one of the Internet's most popular properties. Other Landmark businesses will be spun off before the transaction is completed, the commission said.
NBC Universal, owned by GE, has its own NBC Weather Plus channel and Web site.