General Electric and Comcast reached a tentative agreement Friday on key points of a deal for Comcast to take control of NBC Universal, the New York Times reports.
A formal announcement could come sometime next week, the paper said, citing people briefed on the discussions. One remaining obstacle is negotiations with Vivendi over its 20 percent stake in NBCU, which analysts expect G.E. to buy. Those talks could still fall apart.
Under the deal being discussed between G.E. and Comcast, Comcast would own about 51 percent of NBCU, and contribute several billions of dollars, as well as cable networks. G.E. would keep the remaining stake and contribute about $12 billion in debt.