Former NBCU Chairman Says Now Is Not The Time For An IPO
It isn’t his problem anymore but former NBC Universal (NYSE: GE) Chairman and CEO Bob Wright has a few thoughts on whether Vivendi (EPA: VIV) will end up getting out its stake in NBCU and if a Comcast-GE will go through. During an interview with Liz Claman on Fox Business Network Wednesday afternoon, Wright said, “I personally think Vivendi will negotiate an acceptable settlement for them—one that Comcast (NSDQ: CMCSA) and GE will settle on and I think it will take just a little bit more time. ... I don’t think an IPO is such an attractive proposition right in this market either, and I’m sure the French are very sophisticated so they’re not going to miss that.” More from Wright on how he thinks the deal will go down and on whether NBCU was right to swap Law & Order for Jay Leno in primetime in this video. (We’ll embed it when we have the right code.)
Posted In: Media & Publishing, TV, Broadcast, Money, M&A & Venture Capital, Companies, NBC Universal, bob wright, comcast, vivendi
