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NBCU reportedly wins bid for Weather Channel

Weather ChannelNBCU has unofficially won the bid for the Weather Channel at $3.5 billion, according to NewsBlues. That’s well under the $5 billion that Landmark had hoped to earn. NBCU was part of a consortium that included Blackstone Group and Bain Capital. The offer of $3.5 billion, roughly half of which, or $1.8 billion, is equity, according to Reuters. Blackstone’s GSO Capital is also putting in $600 million. The future of WeatherPlus is the big question now.

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