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|Subject: Re: Yesterday’s Damage? None to Bonds||Date: 5/20/2010 11:06 PM|
|Author: jackcrow||Number: 30877 of 35400|
I'm even sorry they got rid of half of NBC.
They didn't, they sold their majority interest, they are now the second largest stakeholder in NBC/Universal. I suspect that they will not be a silent partner and they no longer are responsible for managing the day to day business. Down the road they may sell off more.
If all goes according to plan, the next announcement will be of a Comcast acquisition. The cable giant is expected to merge its content assets with NBC Universal, including the cable channels G4, Versus and E!, and contribute as much as $6 billion in cash (the payment could be less if NBC's financial performance worsens by the time the deal actually closes), in return for a 51% stake in the combined company. It would gain a TV stable including broadcast network NBC and profitable cable channels USA, CNBC and Syfy, as well as theme parks, a film studio and an ownership stake in popular video site Hulu.
Within eight years, it's expected that GE would sell its 49% stake to Comcast, giving the latter complete ownership of the company and its assets. The purchase would be funded by the combined entity's cash flow and debt potential, and would be valued through a public market comparison of comparable businesses, according to published reports.
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