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NEW YORK General Electric and Vivendi Universal have signed a definitive agreement that merges NBC and Vivendi Universal Entertainment (VUE), according to the companies.
Under terms of the agreement, the newly named NBC Universal will be 80 percent owned by GE, with 20 percent held by the shareholders of Vivendi Universal Entertainment. The new company will be helmed by NBC chairman and chief executive Bob Wright and is expected to generate approximately $13 billion in annual revenue.
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