News for May 10, 2005

Two Universals May Become One

5/10/05, 9:45 pm EST - Xoanon

From IMDB: NBC Universal, which represents one of the few media mergers in which the acquired company (Universal) is performing better than the original buyer (GE/NBC), wants to buy back the remaining 20-percent stake that Vivendi Universal still holds in the company, the London Financial Times reported today (Tuesday). In an interview with the newspaper, NBC Universal Chairman and CEO Bob Wright said, "We have the right to call their stock in 2009 to the extent they haven't sold. ... It's possible that NBC Universal could be fully owned by GE by the end of the decade."