Vivendi has sold its remaining stake in NBC Universal to General Electric for $3.8 billion. The transaction was part of a deal announced in December 2009 in which Vivendi agreed to sell its entire stake to GE once the sale of NBCU to Comcast was approved by regulators. Vivendi sold a 7.66 percent stake in NBCU to GE for $2 billion in September. NBCU was formed by the merger of Vivendi's and GE's television assets.
Comcast officially was granted approval Tuesday to buy NBCU.
"We are very satisfied that our strategic objective to exit NBC Universal has been completed," Vivendi CEO Jean-Bernard Levy said, adding the company is now "fully focused on pursuing its profitable growth strategy."
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