A group led by NBC Universal is in exclusive negotiations to buy the Weather Channel, NBC confirmed on Friday, hours after Time Warner withdrew its bid. The acquisition may be completed in a matter of days.
An NBC spokesman, Cory Shields, said the consortium, made up of NBC Universal and two private equity firms, the Blackstone Group and Bain Capital, had been “selected to participate” in the negotiations with Landmark Communications, which put the channel up for sale in January.
[Via nytimes.com]
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