GE's Immelt: NBCU-Comcast Discussions Are About Partnerships Or IPO
PaidContent Oct 02 09
GE CEO Jeffrey Immelt (pictured) admits the company is in discussions about NBC Universal’s future but says the conversations center on partnerships or, surprising some, an IPO—not an outright sale. But CNBC’s David Faber says his reporting shows GE is ready to consider NBCU a “non-core” and to “essentially say goodbye” by selling down from 80 percent to 49 percent and no longer have control of the asset. He reported Thursday that one scenario being discussed by GE and Comcast (NSDQ: CMCSA) was a joint venture pooling cable and broadcast programming with Comcast as the controlling partner. Full story...
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