• The Wall Street Journal, Monday, October 19, 2009 10:03 PM

General Electric and Vivendi are nearing a deal for GE to buy Vivendi's 20% stake in NBC Universal. Agreement would lead to a potential deal that could give Comcast control of NBC Universal, eventually ushering GE out of the entertainment business.

Comcast and GE are in the middle of due diligence, say insiders. If Vivendi and GE can agree on a price, a deal for Comcast to take over NBC Universal could come next month. As of yesterday, GE and Vivendi were said to be about $500 million apart. Both News Corp. and Liberty Media have mulled their own rival bids for NBCU but have not entered any talks.

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