Reports: Comcast closes in on NBC deal

Comcast reportedly is inching closer to a deal to acquire a 51 percent controlling stake in a joint venture involving NBC Universal. Reuters and other media outlets reported Sunday that Comcast and General Electric, which currently owns about 80 percent of NBC Universal, had reached an agreement on a valuation for the joint venture stake in question--roughly $30 billion.

Meanwhile, The New York Times reported Sunday that any deal is likely to be heavily scrutinized by regulators. Many groups already are calling for heavy-handed reviews of the deal, despite the fact that none of the companies involved--Comcast, GE or NBC investor Vivendi--have commented on progress toward a deal.

Bernstein Research noted in the NY Times story that the teaming of Comcast and NBC Universal could result in a corporate titan that controls one out of every five TV viewing hours

For more:
- Reuters has this story
- The New York Times has this report

Related articles
Deal rumors lingered as Comcast report Q3 earnings last week
Comcast reportedly is pursuing an IPTV project
Comcast said no NBC deal was in place

Suggested Articles

CNN, Fox News and MSNBC saw the biggest increases in viewership in Samba TV's latest data--with CNN's time-spent more than tripling.

AMC on its targeted subscription streaming services: “We are not competitive with the large services, we are compatible with them.”

Charter made a lot of people do a double take when it reported positive video subscriber growth this morning, something it hasn’t done in years.