Print 24 comment(s) - last by Omega215D.. on Dec 2 at 11:50 PM

The GE, Comcast deal could be done as early as Thursday

General Electric and Comcast have worked out a deal in which Comcast will receive a majority stake of the NBC Universal broadcasting company once Vivendi signs away its 20% stake.

NBC could be a joint operation between GE and Comcast for a few years, and then GE is expected to leave the company behind in 2012 or 2013.  NBC Universal currently includes Universal Pictures movie studios, cable channels USA, Syfy, Bravo, and the Universal Studios theme parks.

GE now controls 80% of the company, with an estimated value of $30 billion -- Comcast will receive the company and its $9 billion debt, while Comcast is expected to include its own cash contribution.  When the deal is completed, Comcast will become one of the largest entertainment companies in the world, and may be better suited to battle The Walt Disney Co.

GE has manufactured a wide range of industrial products ranging from dishwashers and light bulbs to jet engines, but its interest in NBC has always been rather intriguing.  The company didn't want to spin off NBC, but has struggled greatly due to the global economy, while spinning off other businesses.

In the future, GE plans to attempt to rejuvenate its manufacturing branches, while leaving other industries alone, analysts believe.

The Federal Communications Commission must now take a look at the deal -- which could take up to one year to complete -- though the companies involved do not expect any major problems from the federal government.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

By Xed on 12/2/2009 6:52:36 AM , Rating: 3
Will Verizon start airing "I can't stream that" commercials now?

RE: So..
By amanojaku on 12/2/2009 7:54:10 AM , Rating: 5
The NBC peacock at the bottom of every program will be changed to a "ToS"

"Streaming media to my desktop? There's a cap for that!"

"Free and randomly placed porn with every Disney or Cartoon network program."

On viewing a poor quality HD signal:
"Can you clear me now?"

RE: So..
By AlexWade on 12/2/2009 8:17:01 AM , Rating: 2
I hope this Comcast deal means that NBC will stop making green week one big GE commercial.

RE: So..
By MrBlastman on 12/2/2009 11:37:11 AM , Rating: 2
If anything this is good for GE. The less they orient themselves with political bias the better in the long run for their brand. They've been in the mud on the street over some of the stuff that has come out about them lately, this will go a ways towards helping them get back to "business."

RE: So..
By Xed on 12/2/2009 8:15:45 AM , Rating: 2
Cocmast's secret plot to remain ahead of AT7T as the most hated provider in America.

Step 1 - Buy NBC
Step 2 - ???????
Step 3 - Get Luke Wilson to do more bad commercials
Step 4 - Slap an apple logo on all products

RE: So..
By Xed on 12/2/2009 8:22:53 AM , Rating: 5
With my quality editing I should put in for Mick's Job. ;)

RE: So..
By Spivonious on 12/2/2009 8:59:17 AM , Rating: 2

RE: So..
By Omega215D on 12/2/2009 11:50:28 PM , Rating: 2
is that the poor man's version of eXtenze?

"I f***ing cannot play Halo 2 multiplayer. I cannot do it." -- Bungie Technical Lead Chris Butcher

Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
No More Turtlenecks - Try Snakables
September 19, 2016, 7:44 AM
ADHD Diagnosis and Treatment in Children: Problem or Paranoia?
September 19, 2016, 5:30 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki