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Sources: Comcast in Talks to Buy NBC

Posted By Barry Ritholtz On September 30, 2009 @ 9:45 pm In Financial Press,M&A | Comments Disabled

The late breaking news doesn’t seem to stop these days:

“Comcast, the nation’s leading provider of cable, entertainment and communications products and services, is in talks to buy the entertainment giant NBC-Universal from General Electric, according to knowledgeable individuals.

Deal points were hammered out at a meeting among bankers for both sides in New York on Tuesday, executives familiar with the meeting said.

Two individuals informed about the meeting said that a deal had already been completed at a purchase price of $35 billion.”

I have no opinion if this is remotely true, but $35 billion sounds kinda rich . . .

>

Source:
Exclusive: Comcast in Talks to Buy NBC-Universal from General Electric [1]
Sharon Waxman
The Wrap, September 30, 2009

http://www.thewrap.com/article/exclusive-comcast-buy-nbc-universal-general-electric-8002


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URL to article: http://www.ritholtz.com/blog/2009/09/comcast-in-talks-to-buy-nbc-universal-from-general-electric/

URLs in this post:

[1] Exclusive: Comcast in Talks to Buy NBC-Universal from General Electric: http://www.thewrap.com/article/exclusive-comcast-buy-nbc-universal-general-electric-8002

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