PHILADELPHIA (Reuters) - NBC Universal and buyout firms Bain Capital and Blackstone Group said on Sunday they agreed to buy The Weather Channel from Landmark Communications.Terms of the 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 channel up for sale along with other businesses, originally had sought $5 billion for the asset, sources previously said.
The transaction includes the Weather Channel Networks cable network and the Weather Channel's website.
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