NBC's takeover of Vivendi Universal's film and TV operations should be completed this week. As previously reported, NBC bought a majority stake in Vivendi Universal's American entertainment operations last year after the French conglom decided to sell off most of its US assets to help overcome financial hardships. According to the Wall Street Journal there will be about 500 job lossess once NBC Universal is officially in operation, most coming from the former Universal workforce. Much cross promotion between NBC and Universal media is also expected.
The sale of Vivendi Universal's entertainment companies did not include the Universal Music Group, which is still wholly owned by the French company.