You win some. You lose some. That may be what General Electric Co. chief executive Jeffrey Immelt is telling himself on Tuesday. That's when separate news stories broke about GE's successful negotiations with one French company and its failed bid for another. First, the good news for GE. The company on Tuesday reached an agreement with Vivendi SA in which the French telecom will sell its 20% stake in NBC Universal Inc. to GE for $5.8 billion. The Deal's Paul Whitfield has the financial details (The Deal Pipeline subscription required), but essentially, the sale of Vivendi's stake appears to clear the way for a previously announced $30 billion joint venture between GE-owned NBC Universal and Comcast Corp. that will eventually allow GE to exit its position in NBC Universal.
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