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NBC Universal, Inc. is a media and entertainment company engaged in the production and marketing of entertainment, news, and information products and services to a global customer base. The company owns and operates two American television networks, numerous cable channels, and a group of local stations in the United States, as well as motion picture companies, several television production companies, and branded theme parks. NBC Universal was formed in May 2004 by the merger of General Electric's NBC with Vivendi's Vivendi Universal Entertainment (VUE). General Electric (GE) owns 80% of NBC Universal with the remaining 20% owned by Vivendi. The logo of NBC Universal is a combination of the NBC peacock logo and the Universal Studios globe and text. On December 3, 2009, GE and US cable TV operator Comcast announced a buyout agreement for NBC Universal. If the transaction completes, and pending regulatory approval, Comcast would own 51% of NBC Universal while GE would own 49%. As a part of the deal, GE intends to buy out Vivendi's 20% minority stake in the company. It is headquartered in the Rockefeller Plaza in Midtown Manhattan, New York City. |
