NEW YORK -- General Electric and Vivendi Universal sealed the deal
-- subject to regulatory approvals that could last until
second-quarter 2004 -- that will create NBC Universal.
The merger of most of Vivendi Universal Entertainment's
U.S.-based entertainment assets with GE's NBC unit will result in
the formation of a company with about $13 billion in annual
Under terms of the deal, NBC Universal will hold interests in
the five Universal theme parks. The potential impact of the
transaction on the Universal theme parks? "It's business as usual,"
according to a spokesman for Universal Parks & Resorts.