Vivendi has officially divested itself from NBC Universal, selling the remaining portion of its 20% stake in the company back to General Electric before the merger with Comcast is officially complete on Friday. The price: Vivendi received a total of $5.8 billion for the 20% stake. In a statement, Vivendi CEO Jean-Bernard Levy said, “We are very satisfied that our objective to exit NBC Universal has been completed. Vivendi is fully focused on pursuing its profitable growth strategy.”
By THE DEADLINE TEAM | Wednesday January 26, 2011 @ 8:01am PSTTags: Comcast, Comcast-NBCU Merger, NBC, NBC Universal, TV, TV Deals, Universal, Vivendi
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