Vivendi has decided to abandon its sale of its 20% stake in NBC Universal, the Hollywood Reporter said.
One source told the Reporter that it may not be the right time to sell, but Vivendi is very pleased with NBC/Uni’s oversight.
That certainly wasn’t always the case. But now Vivendi has gone out of its way to praise NBC/Uni chair Jeff Zucker.
The media and telecom conglomerate has an annual option window that ends Friday. During that period, it can trigger a sale by notifying GE, which controls 80% of NBC Uni. The industrial conglomerate in turn can opt to buy those shares or let Vivendi sell up to $4 billion of them in the public market the following year.