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Blackstone Group

Deal Done: Weather Channel Sold To NBCU and Bain/Blackstone Combo

Jul 6, 2008 2:53 PM

The Weather Channel deal is finally done, and announced on a lazy, bright and clear July 4th weekend Sunday: Landmark Communications has agreed to sell The Weather Channel to a consortium of NBC Universal (NYSE: GE) and two private equity firms, Bain Capital and The Blackstone Group. TWC will be…

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Posted In: Media & Publishing, TV, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, NBC Universal, bain capital, blackstone group, landmark communications, weather channel

Time Warner And NBCU Duel For Weather Channel; Final Bids Due Today

May 23, 2008 9:06 AM

Today’s the deadline for contenders interested in acquiring cable network Weather Channel and its Weather.com to submit their final bids. As it gets down to the wire, Time Warner (NYSE: TWX) and a partnership between NBC Universal (NYSE: GE) and Blackstone Group have emerged as the lead rivals to buy…

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Posted In: Media & Publishing, TV, Cable & Telecom, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, CBS, Comcast, NBC Universal, Time Warner, blackstone group, landmark communications, weather channel

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