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CNBC is reporting that The deal between General Electric and Comcast over a majority stake in NBC Universal is complete, and there is nothing left to do but process paper, a source close to the merger told CNBC Tuesday.

The rumors about this deal is being circulated from the late September.  Yesterday GE the company which owns NBC, made the move.

CNBC reports that:

“The deal would make NBCU 51 percent owned by Comcast and 49 percent owned by GE.

Currently, GE owns 80 percent of NBCU, which the two companies have valued at about $30 billion.

The deal includes the spinoff of NBC Universal and $9 billion in debt. It also includes the merger of Comcast’s content assets and a $6 billion cash contribution.”

See the video for details,