NBC Buys Telemundo for $1.98 Billion

Also: J.M. Smucker acquires Jif and Crisco brands from Procter & Gamble

General Electric's (GE ) NBC television unit agrees to acquire Spanish-language television network Telemundo Communications for $1.98 billion in stock and cash, plus assume $700 million of debt. (10/11)

Jelly maker J.M. Smucker Co (SJM ) will acquire Procter & Gamble's (PG ) Jif peanut butter and Crisco shortening business in a $813 million stock deal. (10/10)

Restaurant chain Blimpie International (BLM ) will be acquired by a private investor group for $2.80 cash per BLM share. (10/9)

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