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Update: Comcast Reportedly May Buy 20-50 Percent of NBC Universal

Published on October 1, 2009
by Eric Savitz

So, the latest theory seems to be that Comcast (CMCSA) is in talks to buy 20-50 percent of NBC Universal, the TV/movie studio/cable/theme park company owned 80 percent by General Electric (GE) and 20 percent by Vivendi.

As I noted in a post last night, the Web site TheWrap.com yesterday asserted that Comcast had inked a deal to buy NBC Universal for $35 billion; Comcast said that was wrong, but didn’t deny being in talks.

This morning, the AP is reporting that two people familiar with the negotiations confirm talks for Comcast to acquire up to half of NBCU, including Vivendi’s stake.

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