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GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) make it official, announcing a $30B agreement to shift...

Dec. 03, 2009 6:14 AM ETGeneral Electric Company (GE) StockGE, CMCSA, VIVDYBy: Eli Hoffmann, SA News Editor
GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) make it official, announcing a $30B agreement to shift control of NBC Universal from GE to the Comcast. Details as expected: Comcast will control 51% of the new entity, for which it will pay $6B in cash and throw in its content assets. GE kicks in NBCU along with $9B in debt, and will buy out Vivendi's (OTC:VIVDY) 20% stake in NBCU for $5.8B. (PR)

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