According to NBC Universal's former Chief Executive Bob Wright, the purchase of NBC Universal by Comcast will take some time, but is likely to be successful.
In the current economy, NBC Universal is just one of many media companies that has been struggling. It was once valued at around $30 billion, but will probably sell for significantly less.
Wright told FOX Business Wednesday that the offer of $6 billion in cash and a package of assets is likely to complete the deal.
The majority owner, General Electric (GE), will likely want to walk away with approximately $20 billion in cash and assets. Some of that will come from a loan against NBC Universal.
Vivendi S.A., which holds a 20 percent stake in NBC Universal, will likely negotiate a settlement that will allow them to walk away with around $5 billion from the sale.
Vivendi's annual window in which to sell off its minority position is between Nov. 15 and Dec. 10 this year.
"So GE at closing should end up with something near $10 billion in cash and Comcast should end up with something like $10 billion out," Wright said.
With the current recession, many companies are being bought by or merged with other companies.
Written by Nicole Palmby
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