NBC Universal To Acquire Oxygen Media For $925 Mln - Quick Facts

Tue. October 09, 2007; Posted: 11:25 AM

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(RTTNews) - NBC Universal announced that it would acquire Oxygen Media for $925 million. Net of financial assets, the purchase price is approximately $875 million. NBC Universal is 80% owned by General Electric (GE | charts | news | PowerRating) and 20% owned by Vivendi.

The Oxygen transaction will be accretive to earnings after the first full year, and is valued at an attractive price per subscriber of less than $12. NBC Universal expects revenue and cost synergies of about $35 million in 2008.

The transaction is expected to close in November following the receipt of customary regulatory approvals.

For full details on General Electric Co (GE) click here. General Electric Co (GE) has Short Term PowerRatings of 4. Details on General Electric Co (GE) Short Term PowerRatings is available at This Link.

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