Vivendi considers selling part of its stake in NBC
From Bloomberg News
Vivendi, the French owner of Universal Music Group, said it planned to decide by January whether to exercise an option to sell part of its stake in NBC Universal to General Electric Co.
“We’re reflecting on our position in NBC Universal and will take a decision at the latest in January 2007,†Chief Executive Jean-Bernard Levy told shareholders in Paris.
Vivendi, which owns 20% of NBC Universal, has an option to sell as much as $3 billion of the stake to GE.
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