It appears to be all over but the shouting for the combination of cable leader Comcast
The total deal will value NBCU at about $30 billion. Once the transaction is completed, Comcast will control 51% of the newly combined entity, while the rest will go to GE. At the same time, as the deal is put to bed, control of the entity will be shifted from GE to Comcast. Current NBCU leader Jeff Zucker will continue in that role.
But what will be the benefits to the main players in the drama? From Comcast's perspective, the world's largest cable multi-systems operator will be able to compete more effectively with the likes of telephone companies Verizon
At the same time, it's long been apparent that Comcast's Brian Roberts covets content. I don't mind noting that, as a media analyst earlier in this decade, I forecast that Comcast would make a run at Disney
As for GE, the company's stock in trade has long been industrial goods, from aircraft engines to subsea oilfield equipment. As such, the transaction would allow it to return sensibly to its roots.
As you watch this deal unfold, keep in mind that media mergers frequently go sour quickly. I well recall the marriage between AOL and Time Warner
So what's the best way to play this impending marriage? My inclination is to put away a few shares of GE -- the media space is a wasteland these days -- but allow yourself a lengthy investment time horizon in the process.
Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned. He does welcome your comments. Walt Disney is a Motley Fool Stock Advisor pick. Walt Disney is a Motley Fool Inside Value recommendation. The Fool has a disclosure policy.