Travicity
01-26-2011, 10:18 PM
Vivendi has officially divested itself from NBC Universal, selling the remaining portion of its 20% stake in the company back to General Electric before the merger with Comcast is officially complete on Friday. The price: Vivendi received a total of $5.8 billion for the 20% stake. In a statement, Vivendi CEO Jean-Bernard Levy said, "We are very satisfied that our objective to exit NBC Universal has been completed. Vivendi is fully focused on pursuing its profitable growth strategy."
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