Comcast And Vivendi Announce Intent To Explore Alliance
As previously announced, Comcast does not intend to purchase the Vivendi Universal Entertainment assets. Separately, Vivendi and Comcast have announced that they intend to explore an alliance involving both parties' cable channels and Vivendi's worldwide content with the goal of creating new channels and services. Vivendi confirms that this will not interfere with its current plans to conclude the process for the possible sale of VUE.
Comcast Corporation (www.comcast.com) is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. The Company is the largest cable company in the United States, serving over 21 million cable subscribers. The Company's commerce and content businesses include majority ownership of QVC, Comcast-Spectacor, Comcast SportsNet, E! Entertainment Television, Style, The Golf Channel, Outdoor Life Network and G4. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.