General Electric and Vivendi are apparently $1 billion apart in their valuation of the French group's stake in NBC Universal, damping hopes of a quick resolution to the stand-off holding up Comcast's bid for a majority stake in the group.

GE and Comcast, the cable operator that wants to take a 51 per cent stake in NBC Universal, have been eager to unveil an agreement but GE and Vivendi remain $1bn-$2bn apart on the valuation of the French group's 20 per cent stake in NBC Universal.

Comcast's offer values NBC Universal at about $30 billion, implying a $6 billion valuation for Vivendi's stake. Vivendi in June estimated the value of the stake at $6.3 billion, so would have to take a further writedown should it receive less.

Other posts by :

1. Hughes Satellite facing cash crunch
2. Major banks support AST SpaceMobile
3. Fitch downgrades DirecTV debt
4. BBC: You’ll miss me when I’m gone
5. Some new US Starlink subs face $1,000 start-up fee
6. Project Kuiper beating OneWeb
7. OQ Tech gets Luxembourg 5G-by-Sat concession
8. Roskosmos: Heads roll, launch project scrapped
9. MDA under pressure over satellite order

Categories: Articles, Business, Results