Will NBC merge with Universal?

NBC closed its deal to merge with the Universal entertainment businesses Wednesday, creating a new media conglomerate that will take its place alongside giants such as Time Warner Inc. and Viacom Inc.

How did NBC Universal become a joint venture?

As a result, NBC Universal would become a joint venture between Comcast and GE, with Comcast holding a 51% majority stake. As a whole, the deal valued NBC Universal at $30 billion. The deal included an option for General Electric to sell further stakes in the company to Comcast over seven years, or for Comcast to buy stakes at "specified times".

Who owns NBC Universal & NBC Univeral?

The new joint venture is valued at around $37.25 billion with NBC Universal assets contributing $30 billion of that valuation and Comcast's programming segments adding about $7.25 billion. The new company will be branded NBC Universal, and Comcast will own 51 percent of the new venture and NBC Univeral will own the remaining 49 percent.