The cable giant is apparently interested in buying the entertainment giant, Sharon Waxman reports on The Wrap. A source tells her that deal points were hammered out at a meeting with lawyers in NY on Tuesday. As you might expect, no one is talking.

NBC-Universal has been believed to be in play for months, although GE has publicly denied any intention of selling the unit. In recent weeks, minority stakeholder Vivendi has been apparently preparing to exercise its right to sell 20 percent of the entertainment company in an IPO. Comcast has been among those rumored to be interested in buying that equity. But the Tuesday meeting was about a much larger gambit, according to the knowledgeable individual. The NBC-Universal division of GE, a premium content company, is a likely fit for the cable giant with its massive distribution pipeline. That is especially the case when the division's potential price tag has dropped significantly from a year ago.