updated 3/14/2006 9:52:42 AM ET 2006-03-14T14:52:42

Comcast Corp., the nation's largest cable operator, is in talks with The Walt Disney Co. to buy the remaining 40 percent of E! Networks it does not already own, according to a person familiar with the companies' plans.

E! Networks, which is comprised of the E! celebrity channel and the Style fashion channel, is valued at around $3 billion, the person said Monday, declining to be identified because the deal has not been finalized.

Disney officials did not immediately return calls for comment Monday evening.

It's unclear how much Philadelphia-based Comcast would pay to acquire the rest of the network from Disney, which is based in Burbank, California, or how long it might take to strike any agreement.

The discussions were reported Monday by Broadcasting & Cable, a trade publication.

The talks are part of an expanded collaboration with Disney over carriage rights and making Disney content more available to Comcast's video on demand service.

In 1997, Comcast and Disney joined forces to buy E! Entertainment. Seven years later, the nation's largest cable operator made a bid to buy Disney itself for $66 billion, but the entertainment company's board rebuffed that effort.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
13.79%
Cash Back Cards 17.80%
17.78%
Rewards Cards 17.18%
17.17%
Source: Bankrate.com