Comcast looking to buy NBC?

Not sure how a story like this snuck under the radar on Friday, but the WSJ reports that Comcast and NBC are in the early stages of a buyout offer — Comcast’s plan is to control 51 percent of a new joint venture with current NBC owner GE. Needless to say, that would be a massive content industry shakeup, and it would bring over two dozen networks and stations under Comcast’s control, from E! to NBC itself, as well as the Universal movie studio. Sure brings that whole TV Everywhere plan into sharp relief, doesn’t it? Talks are said to be far apart and contigent on Comcast maintaining its credit rating by putting as little cash upfront as possible, but big companies like this don’t poke around lightly — we’ll see how this one turns out.

Filed under: Misc. Gadgets

Comcast looking to buy NBC? originally appeared on Engadget on Mon, 05 Oct 2009 21:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

This post is tagged: Business, buyout, Comcast, ge, Merger, nbc, nbc universal, NbcUniversal, universal