Vivendi Sells 20% NBC Stake To GE For $2 Billion

French media company Vivendi has sold its stake in NBC to G.E. for $2 billion. Vivendi had owned 20% of the broadcasting company. After Comcast completes its acquisition of NBC, Vivendi will sell the remaining 12.34% it owns to G.E. for $3.8 billion. Vivendi CEO Jean-Bernard Levy said that the company can use the sale of NBC to buy 100% of telecommunications operator company SFR. Vivendi owns 56% of SFR. [NYT]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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