After weeks of prolonged negotiations, it seems that GE and Vivendi have finally come to terms on the liquid worth of Vivendi’s 20 percent stake in NBC Universal: approximately $5.8 billion. The information comes courtesy of an anonymous close in the dealings, so take that as you will [Variety].
Vivendi had been holding out for somewhere in the $6.5-$7 billion range while GE wanted $5.4-$6 billion. The numbers suggest the winner in this case.
But then Vivendi needed the money. The company recently invested $4.2 billion to gain control of the Brazilian telecom operator GVT. That said, Vivendi may still hold out – their window closes on December 10th.
Either way, Comcast (the Philapdelphia-based company in the U.S.’s largest cable television provider) is buying the majority control of NBC Universal no matter what Vivendi’s stake is sold at.
What do you think of this update?