Not so long ago, Nortel Networks Corporation announced that it won a court approval in the United States and Canada to sell two of its business units. This represents a diversified move, which would give them sufficient cash to re-focus priorities, as they are no longer the once-dominant network giant. As such, they are filing [...]
Posts under ‘Mergers and Acquisitions’
GE’s NBC Sale Brings Company Cash
GE’s (General Electric Co.) recent sale of its stake in NBC Universal, the television, cable, film and theme park giant operator to Compcast Corp. has given Chief Executive Officer Jeffrey Immelt instant cash. The selling price was approximately estimated to be about $8 billion dollars, which in turn would give scrutiny as to how he [...]