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