Deals
NBC Sells A&E Stake to Disney, Hearst for $3.03 Billion
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Comcast Corp.’s NBC Universal entertainment unit agreed to sell its 15.8 percent stake in A&E Networks to the venture’s co-owners, Walt Disney Co. and Hearst Corp., for $3.03 billion.
NBC will be be paid in cash and with a senior note issued by A&E, the company said today in a filing. The price implies a $19.2 billion value for all of the company, which includes A&E, Lifetime and the History Channel cable networks.