NBC Buyout?

NBC Buyout?

posted Sunday Dec 6, 2009 by Nicholas DiMeo

NBC Buyout?

Custody of NBC Universal may shift very soon, and that makes us very uneasy. At this time, 80 percent of the company is owned by GE, which is worth about $30 billion. When this deal goes through Comcast will own 51 percent of NBCU, and GE will only own 49 percent. A cable company owning a TV station? Not a good idea.

According to a close source, the deal is complete as soon as they cross the "t's" and dot the "i's." This is expected to be complete by Thursday morning, but may not be finalized for more than a year. It may take this long as they wait to be approved by the FCC, but this does not seem to be a big concern.

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