Vivendi Completes Sale Of NBC Universal Stake To GE, Comcast Takes 51% Stake

Vivendi has concluded, on January 25, 2011, the sale of the remainder of its stake in NBC Universal, a 12.34% stake, for $3.8 billion to GE. Vivendi has sold its whole 20% stake in NBC Universal for a total cash amount of $5.8 billion.

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This was a necessary step in order to allow Comcast to complete acquisition of a majority  51% stake in NBC Universal. It will be a while before consumers see any real benefit from this deal but eventually we should.

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