Darkbeer
10-08-2003, 10:19 PM
NBC and Universal Studios to Merge (http://www.ajc.com/business/content/business/ap/ap_story.html/Financial/AP.V7397.AP-Vivendi-NBC.html;COXnetJSessionID=1EtsMEhgN96dtNb5Xkqzy1Qf 1Fkl3Yi2f5qXj0hpa1R5p7cJcoQP!-1315363164?urac=n&urvf=10656762044540.038592762909372635) - AP, 10/8/03
QuikQuote: Vivendi Universal and General Electric Co. have agreed to merge the French company's Hollywood studio and other U.S. entertainment assets with GE's television network NBC, creating a media giant with an estimated value of $43 billion.
NBC will own 80 percent of the new entity, with the remaining 20 percent controlled by Vivendi. NBC Universal will be led by Bob Wright, vice chairman of GE and chairman and chief executive of NBC, the companies said.
QuikQuote: Vivendi Universal and General Electric Co. have agreed to merge the French company's Hollywood studio and other U.S. entertainment assets with GE's television network NBC, creating a media giant with an estimated value of $43 billion.
NBC will own 80 percent of the new entity, with the remaining 20 percent controlled by Vivendi. NBC Universal will be led by Bob Wright, vice chairman of GE and chairman and chief executive of NBC, the companies said.