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NBC Confirms Sparrowhawk Deal

NBC Universal has agreed to acquire Sparrowhawk Media from 3i Group and Providence Equity Partners. No financial terms were disclosed, but an earlier Reuters report put the price-tag at $350 million. Sparrowhawk owns the international operations of the Hallmark Channel, and was acquired by 3i and Providence in 2005 for around $242 million. It runs 18 feeds that air across 152 territories, with 60 million subscribers. www.nbcuni.com