Showing posts with label Vivendi. Show all posts
Showing posts with label Vivendi. Show all posts

Thursday, November 26, 2009

NBC for sale?

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.