Reuters
Comcast Corp’s bid for a controlling stake in NBC Universal to create a media powerhouse could be hurt by conflicting interests on Capitol Hill and conditions that hurt synergies, but the deal will likely be approved by regulators after a lengthy review.
Comcast and General Electric Co have been in talks to reach a deal that would give the cable operator a 51 percent stake in a NBC Universal venture. Comcast would contribute its cable networks and $4 billion to $6 billion in cash.
The two sides recently agreed to value NBC Universal at about $30 billion, sources previously told Reuters.
Final terms of a deal are expected to be announced in the coming days, according to one person close to the talks. But many months are likely to pass between signing and closing.
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