LONDON - US TV network NBC is in talks to buy Spanish broadcaster Telemundo Communications Group, owned by Sony and Liberty Media, for more than $2bn (£1.4bn) in cash and stock.
General Electric-owned NBC's bid, which includes assuming $700m (£475m) in debt, has trumped an earlier offer from Viacom.
Although NBC's offer is short of the $3bn (£2bn) Sony and Liberty want for the company, and there is still the danger that Viacom could triumph with a higher bid, it is widely believed that the NBC offer is a good one, considering current market conditions.
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