Following months of negotiations, General Electric , parent company of CNBC, and Comcast announced today a definite agreement to form a joint venture that will give Comcast 51% control of NBC Universal and 49% ownership to GE. In a deal valued at about $30 billion, Comcast will gain access to more than a dozen cable networks, along with the Universal movie studios and theme parks. It ranks amongst the Top 10 Biggest U.S. M&A deals for 2009 so far.
The deal, one of the largest in media history, will turn Comcast into one of the world's largest suppliers of media entertainment. (For complete coverage click here)
Some of the key terms of the deal include (Source:Business Wire):
Of the top 10 M&A transactions around the world this year, seven have taken place in the United States, according to a report by Dealogic, a provider of software and analytical products to the banking industry. Among the largest deals in the United States, today's announcement occupies the seventh place, with Pfizer's take over of Wyeth taking the number one spot while competitor and pharmaceutical giant Merck slides to second place on its acquisition of NJ-based Schering Plough. Today's deal ranks 10th in the world for the year.
Here is a look at the top 10 M&A Transactions in 2009.