NBC wins Vivendi Universal Entertainment deal

Posted Wednesday, September 3, 2003 4:46 AM | Contributed by supermandl34

The NBC television network won Vivendi Universal's auction on Tuesday with a merger plan to create a new entertainment industry giant valued at more than $40 billion. In the deal, a new company will be formed, with GE (NBC's parent company) owning 80% and Vivendi owning 20%.

Read more from Reuters via Yahoo.

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