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NBC Universal to Acquire CNBC Divisions

Jul 21, 2005  •  Post A Comment

NBC Universal announced Thursday that it expects to acquire sole ownership of CNBC Europe, the digital CNBC World service and CNBC Asia Pacific on Dec. 31, subject to regulatory or legal approvals and the resolution of structural issues in the CNBC Asia Pacific deal.

CNBC and Dow Jones have operated CNBC Europe and CNBC Asia Pacific as equal partners and Dow Jones currently has a 25 percent interest in CNBC World.

CNBC Europe President Mick Buckley and CNBC Asia Pacific President Alexander P. Brown are to report directly to CNBC President Mark Hoffman. Dow Jones and CNBC will function solely as editorial partners in CNBC Europe and CNBC Asia Pacific once the deal is closed.