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GE, Vivendi Come To Terms, Preparing NBCU For Sale

The deal removes an obstacle standing in the way of Comcast buying the media conglomerate

Now it's simply a matter of time.

General Electric, the owner of NBC and Syfy parent NBC Universal, has come to terms with former SciFi Channel owner Vivendi to buy out its 20 percent stake in the conglomerate for $5.8 billion.

The move now clears the way for GE to sell controlling interest in NBCU for $30 billion to Comcast in a deal that will let the cabler get better control of the content that runs through its system and to millions of households, while allowing GE to move back into focusing more on its industrial roots.

There are still potholes along the way that could derail the GE/Comcast deal, but many analysts tell The New York Times that a final deal is almost certain to happen.

A sale to Comcast likely won't mean any immediate changes to Syfy. The cable channel has been enjoying some of its biggest audiences ever with the help of shows like new shows "Warehouse 13" and "Stargate: Universe." But there could be some considerable changes at NBC itself, where shows like "Heroes" have struggled as of late.

For the complete details on the GE/Vivendi agreement, check out our full coverage on sister site Inside Blip by clicking here.

About the Author

Michael Hinman is the founder and editor-in-chief for Airlock Alpha and the entire GenreNexus. He owns Nexus Media Group Inc., the parent corporation of the GenreNexus and is a veteran print journalist. He lives in Tampa, Fla.
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