Summary:

Beyond the actual structure of the Comcast-NBCU deal (as Staci reported here), to be announced later this morning, some other details and ba…

Spinningwheel

Beyond the actual structure of the Comcast-NBCU deal (as Staci reported here), to be announced later this morning, some other details and back stories coming out as reported by various outlets, and here’s a cheat-sheet for you:
— James B. Lee Jr., a vice chairman of JPMorgan Chase, initially set up the meeting between Comcast’s Roberts and GE’s Immelt. It started at Sun Valley at the Allen & Co’s annual conference earlier this year. Immelt was prepared to be “monogamous” while negotiating the deal with Comcast (NSDQ: CMCSA). [NYT]
— GE’s bankers: J.P. Morgan Chase and Goldman Sachs; Comcast’s: Morgan Stanley and UBS. Barclays Capital advised Vivendi (EPA: VIV). [WSJ]
— Comcast’s CFO Mike Angelakis went to Cape Cod in late July to visit his GE counterpart, Keith Sherin, at Mr. Sherin’s summer home. There, they hammered out a two-page term sheet on the broad strokes of the deal. [WSJ]
— The agreement does not include a “break fee,” suggesting that GE is committed to securing a deal with Comcast come what may. [FT]
— Rupert Murdoch phoned J.P. Morgan’s Lee and pursued talks with GE for weeks, and his interest in NBCU lasted well into October. [WSJ]
— Among other things, Comcast looked at buying Facebook. Also, well, Viacom (NYSE: VIA), but Sumner Redstone refused to consider selling. [NYT]
— Comcast is not considering shedding any NBCU assets to pass regulatory hurdles during the approval process [Bloomberg]

– GE

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