Media
GE-Comcast Terms Done on NBC Universal (GE, CMCSA)
Published:
Last Updated:
CNBC’s David Faber just reported that the NBC Universal deal terms between General Electric Co. (NYSE: GE) and Comcast Corporation (NASDAQ: CMCSA) are about to be signed.
Faber noted that the deal will formally be announced Thursday morning. This will take GE’s stake of NBC Universal down to 49% from 80%. Faber reported that GE will receive $6 billion in cash and some $9 billion in debt will be taken on by the venture.
This is all on the heels of Vivendi coming to an agreement over its stake this morning. As CNBC is part of NBC, we won’t bother throwing out the normal caveat about reports being rumors until confirmed.
One issue that may take some time is on how long the deal will take to close from regulatory reviews. Faber has given a time frame of perhaps up to a year, although our indications are that this could be finalized in approval next summer.
JON C. OGG
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
