Vivendi sells final stake in NBC Universal to GE

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."

For more:
- see this release
- see this article

Related articles:
Vivendi may sell NBC Universal share via IPO
Reports: GE, Vivendi clear hurdle to Comcast-NBC deal

Suggested Articles

Comcast is calling on its cable brethren, Charter and Cox, for a new initiative called On Addressability focused on building a “sound, scalable and sustainable…

NCC Media and OpenAP are teaming up to allow national advertisers to use OpenAP’s audience segment definitions when buying across NCC Media’s linear, VOD and…

Comcast is launching new controls for its X1 television service that will allow people with certain disabilities to operate their cable TV systems using their…