Breaking: NBCU wins Olympics bidding


NBCUniversal has won the bidding for the 2014, ’16, ’18 and ’20 Olympics, according to a report by the Associated Press from Switzerland. A press conference to formally announce the winner of the US television rights is set for 2:00 pm ET.

The winning bid for the four-Games package was reported to be over $4 billion. 

NBCU lost money on its current $2 billion deal for the 2010 and ’12 Games.