[November 09, 2009] Comcast and GE Agree to Value NBC Universal Around $30 Billion, Deal Coming Soon (CMCSA,GE) Tweet Nov 09, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/9/2009 - Comcast (NASDAQ:CMCSA) and General Electric (NYSE:GE) have reached an agreement to value NBC Universal in the area of $30 billion, according to a Wall Street Journal report that cites people familiar with the matter. The sources said that the deal includes a mechanism that will allow Comcast to reduce the amount of cash it will have to contribute when the deal closes. Once final details are established, a deal could be announced by the end of this week. It is currently unclear if 20% owner Vivendi will be a part of the deal for Comcast to buy a 51% stake, but the French company reportedly told GE that it wants to sell its stake. Shares of GE rose 2.9% in early Monday trading. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]