NBC-Tribe: Letter of Intent Stage; Less Than $5 Million

Some clarification on the NBC-in-the-process-of-buying-Tribe.net deal I mentioned yesterday, after speaking to some more sources: the deal is in letter of intent stage, which means that like all LOIs in such cases, the due diligence is still on. Also, it is a small deal if it happens: less than $5 million, says my sources. Dealbook on NYT also echoes this quoting their own sources.
Related: Tribe.net In The Process Of Being Bought by NBC