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Vivendi May Sell 20 Percent Stake In NBC Universal (GE,CMCSA)Nov 15, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/15/2009 - Vivendi SA may decide to sell its 20% stake in NBC Universal, which would allow for General Electric (NYSE:GE) and Comcast Corp. (NASDAQ:CMCSA) to combine their media assets, according to a Bloomberg report. The company can notify GE, who owns 80% of the network, until December 10 of its intention to sell the stake. The decision to sell the stake is important because it would let GE gradually leave the media business, giving it up to Comcast, according to the report. 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 ] |
