30
Sep
2009

Rumor: Comcast Buying NBC Universal For $35 Billion

Written by Sean P Aune  |  under Business, TV

comcast nbcSomeone seems to be forgetting to tell large corporations that there is a recession going on.

Disney recently bought Marvel Entertainment for $4 billion, Dell is buying Perot Systems for $3.9 billion, Xerox is purchasing Affiliated Computer Services for $6.4 billion and now there is a rumor that all of these deals will pale in comparison to Comcast purchasing NBC Universal for $35 billion.

While both companies are currently declining to comment on the story, it is looking like the deal is close to being done with Comcast buying an 80% stake in the television network from its current owner, General Electric.  The remaining 20% currently belongs to Vivendi, who has actually been talking about offering their portion as an IPO (initial public offering) of common stock, which Comcast has been rumored to have expressed an interest in purchasing.

If this deal proves to be real, Comcast will be acquiring a truckload of products.  Beyond just the flagship NBC network, the holdings include the cable networks Bravo, MSNBC, Syfy, USA Network, Telemundo and The Weather Channel.  In the realms of the Internet, NBC is the owner of the iVillage website, and is one of the key owners of Hulu.  This isn’t to mention the theme parks and several other smaller holdings.

In short, this is one giant of a purchase … if true.  My thinking is that this is real, and it is happening, if there wasn’t some truth to it, the two companies could have easily denied it, but instead they both just declined to comment.  According to the original source, the deal is almost hammered out, so expect to see this hitting big in the news any day now.

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