GE has acquired a 7.7% stake from Vivendi and plans to acquire the remaining 12.3% owned by Vivendi for $3.8bn after the completion of a GE transaction with new NBC owner Comcast.
Jean-Bernard Levy, Vivendi chief executive, said the group could use the NBC sale proceeds to buy 100% of telecom operator SFR, of which it currently owns 56%.
NBC Universal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience.
Its portfolio includes USA Network, CNBC, Syfy, MSNBC, Bravo, Oxygen, mun2, CNBC World, Chiller, Sleuth, Universal HD, and HD simulcasts.
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