Also, have we set a location for the 10/25 meeting? The 'Ville?
Thursday, October 1, 2009
Entertainment Dynasty Forming?
I know our group has considered buying Comcast and we currently own GE. Well as we sleep, GE is working a deal with Comcast to spin of majority ownership of NBC Universal. I'll spare you the details as other TM members have likely noticed the buyout rumors, but this could impact our position in GE. If the deal goes, expect a 5-7% increase in our GE value. Certainly not enough to warrant a sale, as we are still underwater from our purchase price. But the deal could give GE capitol to spend elsewhere. Details to follow....
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So the deal was inked. Comcast agreed to buy a majority stake in NBC Universal.
http://www.reuters.com/article/GlobalMedia09/idUSTRE5B301520091204
Keep an eye on GE's activity, as well as Comcast, since this group declined to buy it when it was on the table.
Anyone have thoughts on anything?
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