The Vivendi board meets tomorrow to discuss the proposed sale of its share to GE, though it could delay a decision on that sale until later this year.
"Sources say both Comcast and GE are prepared for Vivendi to go into November and possibly into December before it makes its decision known," Staci wrote.
As Staci describes it, GE would buy out Vivendi's 20% stake, then merge NBC Universal with Comcast. GE would retain a stake in NBC/Universal/Comcast, though it could eventually sell that stake to Comcast, which would give the cable giant complete control over NBC/Uni.
NBC Universal, in any case, would retain its ownership of Universal Studios Hollywood and 50% stake in Universal Orlando. (The other 50%, of course, being owned by Blackstone Group, which last week bought the SeaWorld and Busch Gardens parks in a separate deal.)
Tweet
Mr. Niles, could you please publish some sort of friggin' chart?
I Respond: Sir, I have asked you this before: Do we have confirmation that Blackstone actually holds 50% of Universal Orlando?
From http://www.blackstone.com/private_equity/corp_pe/portfolio.asp?Order=ByInvstDate
Universal Orlando
Description:
Universal Orlando operates the Universal Studios theme parks and related facilities in Orlando, Florida. Investment Type:
Equity - Joint Control (Corporate Partnership)
Transaction Size:
$2,065 M
Industry:
Theme Parks / Leisure
Investment Date:
July 2000
Status:
Partially Realized
Type Of Business:
Theme park operator
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