Will Comcast, NBC Universal Merger Pass Regulator Scrutiny?
Image: One Penny Sheet General Electric’s $5.8 billion purchase of Vivendi’s minority stake in NBC bodes well for Comcast. The cable giant could buy a 51% stake in NBC as soon as Thursday. The Guardian has more: This transaction will mean that GE owns 100% of NBC and it will allow the sprawling US industrial group to press ahead with an imminent plan to sell a majority of the…
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The Comcast-NBC Universal joint venture was finalized today , with Comcast agreeing to pay $6.5 billion cash for a 51% stake in NBCU. The New York Times has more : The agreement will create a joint venture, with Comcast owning 51 percent and G.E. owning 49 percent. Comcast will contribute to the joint venture its stable of cable channels, which...
Image source Rush Limbaugh today announced that he has made a bid to buy the St. Louis Rams in partnership with St. Louis Blues owner Dave Checketts. The LA Times has more: It’s unclear whether Limbaugh and Checketts will buy the team outright or purchase a majority or minority stake in the franchise. Georgia Frontiere’s children own...
The LA Times reports that Comcast is “kicking the tires” of NBC Universal: Comcast, the nation’s largest cable operator with almost 25 million subscribers, has been looking to increase its content holdings for several years. In NBC Universal it would get its hands on not only a big broadcast network and movie studio, but also...
Pinnacle Foods Group, owned by private equity firm Blackstone Group, will buy frozen-food provider Birds Eye Foods for $1.3 billion. Bloomberg has the scoop : Blackstone Group LP’s Pinnacle Foods Group LLC agreed to buy Birds Eye Foods Inc., the largest U.S. frozen-vegetable company, for $1.3 billion, adding to its Duncan Hines and Swanson food...
After criticizing finance company CIT’s reorganization as an attempt to purchase votes , Carl Icahn is offering $6bn of his own money as a replacement loan. Bloomberg has more : Investor Carl Icahn offered to provide a $6 billion loan to CIT Group Inc., saying the terms of the 101-year-old commercial lender’s plan to raise the same amount...
Las Vegas-based Citadel Broadcasting Corp., which owns 223 AM/FM stations around the country , has filed for bankruptcy protection. Bloomberg has more : The company, which syndicates Don Imus’s morning talk show through its U.S. radio network, listed assets of $1.4 billion and debt of $2.5 billion in its Chapter 11 filing yesterday in U.S. Bankruptcy...
Last year, Wall Street made $55 billion in profits and gave out $20.3 billion in bonuses, 17% more than in 2008. Average taxable bonuses on Wall Street rose to $123,850 in 2009, DiNapoli said. Compensation at Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley, three of New York’s biggest banks, rose 31 percent, he added. Mother...
Ever since its inception NYPD has been 1 of the top police departments inside the United States. It has always been very consistent in selecting the best of the best prospects available.
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Mall owner Simon Properties has offered to buy out rival General Growth Properties for $10 billion. A buyout could create the largest high-end mall owner in the US: The nation’s largest shopping mall owner, Simon Property Group, made a $10 billion hostile bid Tuesday to acquire its ailing rival, General Growth Properties. The deal would...
Computer chip maker Intel has announced an initiative to invest $3.5 billion in start-up tech companies and a collaborative plan with 17 companies to hire more new college graduates.
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