News
NBC, Vivendi Aim Higher with Merger
U.S. television network NBC won Vivendi Universal’s marathon show-business auction on Tuesday with a proposed merger to create a new entertainment industry giant worth more than $40 billion. NBC, a unit of General Electric Co., clinched exclusive negotiating rights to finalize a deal that would give it a major film studio, more cable channels and theme parks to vault the No. 1 U.S. broadcast network closer to the ranks of such global titans as Walt Disney Co. and Viacom Inc. If the deal is completed, the new company, to be called NBC-Universal, would include Vivendi’s Universal Pictures, the Hollywood studio… Read more »