General Electric has agreed to value Vivendi's 20 percent
stake in NBC Universal at $5.8 billion, according to the Wall Street Journal
this evening (November 30.)
GE CEO Jeffrey Immelt had been in Paris last week to help move talks along. GE
had offered the French media and telecoms conglom $5 billion for its stake.
The agreement on a valuation would appear to pave the way for the finalization
of another deal that would have GE tie with Comcast Corp. To create a $9
billion TV advertising giant that would encompass a cable TV powerhouse of
cable channels, a broadcast network, theme park and movie studio.
Reps for GE and Vivendi declined to comment.