General Electric Co. (GE) and Comcast Corp. (CMCSA) have agreed on a structure for the board of a new NBC Universal joint venture, Reuters reports, quoting a person familiar with the matter. The source said Comcast will hold the majority on the board. The source could not give more details, Reuters said. Reuters also quotes two people familiar with the matter who say GE and Comcast are unlikely to reach a deal on the venture this weekend, since GE is still negotiating with Vivendi SA (VIV.FR) to buy Vivendi's 20% stake in NBC Universal. The headline was reported on Fox Business Network.
Full story at: http://www.reuters.com/article/industryNews/idUSTRE5AC5G520091113
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