So the latest Hollywood perk seems to be a silent partner. A real silent partner. Vivendi has decided to keep its 20% stake in NBC Universal and extend its GE deal. Bloomberg reports the Paris-based company emailed a statement today that it won’t exercise an option to sell part of its holding in January. Vivendi’s right to ask for a share sale of NBC Universal was expanded, and now can be exercised in November of every year from 2007 to 2016. GE’s option to buy Vivendi’s interest can be exercised in May of each year from 2011 to 2017 with a minimum price of $8.3 billion. The purchase amount will increase each year from May 2009 and is based on the U.S. Consumer Price Index, Bloomberg quoted Vivendi as saying. Vivendi also has annual options to sell portions of its holding in the venture to General Electric. The size of the first year’s option was raised to $4 billion from $3 billion and remains $4 billion in subsequent years. Again, thanks to Bloomberg.
Vivendi Still GE/NBC Uni's Silent Partner
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