Taking matters for the proposed joint venture for NBC Universal a step further, General Electric and Comcast have reportedly agreed upon the board structure that the firm would have. Although not much detail have been shared on the same, there is a good chance that, owing to more stakes in the venture, Comcast would hold majority of the board seats.

A deal on the venture, however, is still in talks owing to the 20% stake which French media firm Vivendi holds in NBC universal. The French company is not happy with the current financial terms of the agreement and is unwilling to sell under them. GE is in talks with the company, which is negotiating to get the best possible deal.

GE currently holds an 80% stake in NBC Universal and is looking to partner with Comcast after selling 51% of the stake to it and keeping 49% for itself. Since the discussions began, both the companies have managed to reach upon many decisions including valuation, top management and exit provisions for GE.

As for the decision on board structure, no official announcements have yet made and GE, Comcast and NBC Universal have all declined to make any public comments.