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30 Nov 2009 20:40


Biz: An electric company and a water company make a deal on a media giant

  • GE and Vivendi agree on terms that’ll allow a Comcast deal to go forward. How much is Vivendi’s 20% stake in NBC Universal? $5.8 billion. At least that’s the number the water company agreed on with General Electric. GE, which owns 80% of the company, is in the midst of building a 50/50 joint venture with media giant wannabe Comcast. The deal clears the way for that to happen. source