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Comcast, GE Struggle to Resolve Key Issues in NBC Deal
Published: Thursday, 29 Oct 2009 | 4:57 PM ET
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By: Reuters

Comcast and General Electric are struggling to iron out a few critical issues that are holding up a joint venture deal for NBC Universal, people familiar with the matter said.

While an agreement will likely be reached to give Comcast [CMCSA  Loading...      ()   ] a 51 percent stake in the NBC Universal venture, advisers are trying to draft governance and exit provisions for GE's 49 percent stake that would be palatable to both sides, one of the sources said.

Differences in valuing the various assets -- Comcast's cable networks, Vivendi SA's stake in NBC Universal and the proposed new company itself -- could also delay the complex deal, this person said. Under terms being discussed, the joint venture is valued at around $30 billion.

NBC Universal is the parent company of CNBC and CNBC.com

Copyright 2009 Reuters. Click for restrictions.
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