Thursday, September 17, 2009

Could NBC Be For Sale

NBC, owned by both GE and Vivendi, may potentially be put for sale. According to this report, "Jean-Bernard Levy, chief executive of Vivendi SA (VIV.FR), left open the possibility Wednesday that the company will exercise its option to unload its 20% stake in NBC Universal, the media conglomerate that is majority-owned by General Electric Corp." Will GE buy the Vivendi shares, will it lead to upheaval and possible takeover bid? Clearly, the challenge of working in a partnership hurts when the parties no longer work well together. Let the fireworks begin.

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