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Vivendi is selling its 20 percent stake in NBC Universal in a move that will allow it to fully control all its businesses for the first time.
The sale of its NBCU minority stake in what are likely to be two stages was announced Thursday morning and was necessary for Comcast to finalize its deal for a 51 percent stake in an expanded NBCU.
Vivendi had partnered with General Electric to form NBCU in 2004 after in late 2000 pushing into the entertainment space via a merger with The Seagram Co.
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