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CNBC Anchor and Reporter
The deal between General Electric and Comcast over the sale of a majority stake in NBC Universal is still on track, and it could be completed with the next two weeks, according to sources close to the deal.
Due diligence and final valuation work are being completed, with the joint venture being valued somewhere around $30 billion, the sources said.
The key caveat is the price it will take for Vivendi to exit its 20 percent stake in NBC Universal. The company has the right to register the shares for an IPO, giving it some leverage in negotiations.
If the company decides to register for an IPO, the entire deal between Comcast [CMCSA
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] and GE [GE
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] would be scrapped. But sources said they don't expect that to happen.
If the deal is successful, Comcast will own a 51 percent stake in NBC Universal, while GE will own 49 percent of the joint venture.
NBC Universal is the parent of CNBC and CNBC.com
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Data is a real-time snapshot *Data is delayed at least 15 minutes