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Comcast, GE in Talks to Combine Some Media Assets

October 1, 2009
by Sam Schechner
Reporter, The Wall Street Journal

Sam Schechner

Comcast Corp. (CMCSA) and General Electric Co. (GE) are discussing a plan that would merge Comcast’s cable networks with GE’s NBC Universal, according to a person familiar with the matter.

In the deal under consideration, Comcast would contribute assets and cash and receive 51 percent ownership of NBC Universal in a joint venture with GE, which would own the remainder, the person says. The deal would value the assets contributed by Comcast at about $6 billion. Comcast would also contribute between $4 billion and $6 billion in cash, the person said.

The deal is still far from finalized and could still fall apart, the person said.

Read the rest of this post on the original site

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