NBCU Enters Exclusive Talks for Weather Channel

A consortium led by NBC Universal said late Friday that it started exclusive negotiations to buy The Weather Channel, shortly after Time Warner pulled out of the auction because pricing concerns. The price tag for the cable channel is approximately $3.5 billion. NBC Universal’s bid is in partnership with private-equity outfits Blackstone Group and Bain Capital. NBCU could realize its own synergies by linking TWC to its NBC Weather Plus service.
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