General Electric, parent of NBC Universal (with properties MSNBC, CNBC, etc.), is apparently looking to sell its network media asset. A potential suitor is Comcast, with GE CEO Jeffrey Immelt negotiating with Vivendi on a fair valuation and exit strategy.
Perhaps GE Financial Network--er...CNBC will now have a more neutral, balanced view on markets.
http://www.benzinga.com/markets/company-news/46197/sale-of-nbc-universal-to-comcast-close-after-ge-and-vivendi-talks-ge-cmcs
The larger question is how GE will remain solvent as it is forced to unload valuable assets. NBC is not the problem--the toxic mortgage loan portfolios on its book are.
Thursday, November 26, 2009
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