An investor group led by NBC Universal and two private equity firms clinched a deal to pay about $3.5 billion for the Weather Channel, people briefed on the matter said.


NBC confirmed on Friday, hours after Time Warner withdrew its bid, that it was in exclusive negotiations to buy the Weather Channel.


An investor group led by NBC Universal and two private equity firms appeared to be leading the bidding for the Weather Channel.


An investor group led by NBC Universal and two private equity firms appeared to be leading the bidding for the Weather Channel.


 
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