By Jessica Hall 1 hour, 1 minute ago PHILADELPHIA (Reuters) - NBC Universal and private equity firms Bain Capital and Blackstone Group (BX.N) said on Sunday they agreed to buy The Weather Channel from Landmark Communications.Terms of the widely expected deal were not disclosed, but sources familiar with the transaction said the price tag was just under $3.5 billion.
Privately held Landmark, which put The Weather Channel up for sale along with other businesses, originally had sought $5 billion for the business, which produces national, regional and local weather-related programming, sources previously said.
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