Comcast is looking to purchase NBC / Universal Studios

[OogieBoogie]

The New York Times is reporting that General Electric has reached an agreement with Vivendi to buy their 20% stake in NBC Universal for over $5 billion. What is GE going to do with this? They are going to sell it over to Comcast which will give the media giant 51% control over Universal.

If the deal goes through, Comcast will soon be in control of NBC, Universal films, entertainment and theme parks, making it a serious contender against Disney. For more on this story, please visit:

http://dealbook.blogs.nytimes.com/2009/11/30/ge-reaches-pact-with-vivendi-over-nbc-universal/

[Coheteboy]

Re: Comcast is looking to purchase NBC / Universal Studios

It's not an IF. It's pretty much a done deal. It will rival Disney from a size standpoint, but I don't know if they can really hold a candle to Disney's legacy.

[flynnibus]

Re: Comcast is looking to purchase NBC / Universal Studios

Its the best thing possible for Disney.. to have Comcast running their competition.

I feel this is going to be AOL-TW redux... but worse.

[ALIASd]

Re: Comcast is looking to purchase NBC / Universal Studios

Most NBC Universal employees were crying as they left Thursday's town hall meeting in New York regarding the company's acquisition by Comcast.

But they weren't the tears of desperation and uncertainty often associated with the fallout from a merger on the work force (well, a few still might have been).

"Everybody came out wiping tears; it was very inspiring," one person said, referring to the town hall's big emotional finale that involved Comcast's chairman and CEO Brian Roberts giving a warm introduction to his father, 89-year-old Ralph Roberts.

Roberts Sr. then made a grand entrance from behind the curtain on the "Late Night" stage at 30 Rock, where the town hall meeting was held.

He spoke about co-founding the company 46 years ago as a small operation in Mississippi and called the NBC Uni deal a dream come true.

"It was like a Hallmark commercial," one person said.

Overall, the tone of the town hall -- which was carried live to West Coast employees gathered at the "Tonight Show" stage in Universal City -- was light, with a lot of jokes by NBC Uni CEO Jeff Zucker, who hosted the meeting, and his boss, GE CEO Jeff Immelt.

full article at:

Tears shed at NBC Uni town hall

Insiders call emotional finale 'inspiring'

Tears shed at NBC Uni town hall

[IMAGINE]

Re: Comcast is looking to purchase NBC / Universal Studios

Better them than Us that's for sure, as with any competetion, I hope they fail...never the less only time will tell if our fear of being acquired by Comcast comes to fruition by the fall of universal like AOL-TW.