General Electric (GE.N) could start to exit a new NBC Universal joint venture with Comcast Corp (CMCSA.O) as soon as three-and-a-half years after the ink is dried, two people familiar with the talks said on Monday.
Comcast is in talks with NBC Universal’s parent company GE to buy a controlling stake in the joint venture that has broadcast and cable channels as well as movies and theme parks
Under the proposal, NBC Universal would become a joint venture 51 percent owned by Comcast and 49 percent by GE. It would be valued at around $30 billion. Comcast would contribute around $4 billion to $6 billion in cash as well as its collection of cable networks to pay for its stake.
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The deal has involved a lot of back and forth negotiations between both sides.
Read More: AP