Owners of the Weather Channel Cos. have held talks with banks
about strategic options for the cable network, including a possible
sale, Bloomberg News reported Friday, citing people familiar with
the matter.
Comcast Corp.'s (CMCSA, CMCSK) NBCUniversal Inc., Blackstone
Group LP (BX) and Bain Capital, which bought the network in 2008
for about $3.5 billion, have held talks with J.P. Morgan Chase
& Co. (JPM) and Goldman Sachs Group Inc. (GS) about
options.
A formal process hasn't started and a bank hasn't been hired,
the people told Bloomberg.
Full story at:
www.bloomberg.com/news/2014-09-12/weather-channel-said-to-speak-to-banks-on-options-including-sale.html
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