The Interpreter Posted October 2, 2009 Share Posted October 2, 2009 For the second time in five years, Comcast Corp. is in talks to buy the parent company of one of Orlando’s major theme parks. The Philadelphia-based cable giant is reportedly negotiating a deal with General Electric Co. to take a controlling stake in NBC Universal, the entertainment conglomerate whose holdings include Universal Orlando. Under one scenario being discussed, according to multiple news outlets, Comcast would take a 51 percent stake in NBC Universal in a joint venture with GE. Comcast would contribute between $4 billion and $6 billion in cash plus another $6 billion in assets. Comcast tried unsuccessfully to buy the Walt Disney Co. in early 2004 for approximately $60 billion.... “The theme parks don’t fit with Comcast’s structure,” Vogel said. “My guess would be, to reduce the capital outlay, they would eventually bring in another partner or sell.”... http://blogs.orlandosentinel.com/business_...-buys-them.html Quote Link to comment Share on other sites More sharing options...
VortexJunkie Posted October 2, 2009 Share Posted October 2, 2009 I certainly hope Comcast doesn't take control of Universal. Or atleast don't make decisions regarding the parks. That company sure knows how to buy a good thing and ruin it by firing a bunch of people and making the remaining employees miserable. They butter up customers while breaking down employee morale and jacking up prices and really only care about one thing - dollar signs. It's one thing for a cable office, but I wouldn't want to go to an amusement park where the staff is overworked, underappreciated, and constantly frustrated. That's exactly what I'm taking a break from when I go to an amusement park. -not a comcast employee Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted November 10, 2009 Share Posted November 10, 2009 http://www.bloomberg.com/apps/news?pid=206...csbEA&pos=7 Comcast Corp. and General Electric Co. agreed to value GE’s NBC Universal at about $30 billion as they discuss creating a joint venture to own the entertainment division, according to three people familiar with the matter. Vivendi SA, which owns 20 percent of NBC Universal, isn’t yet part of the agreement, according to one of the people, who sought anonymity because negotiations aren’t public. Quote Link to comment Share on other sites More sharing options...
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