New York- Continuing with its strategy to transform its portfolio and focus on assets with potential for rapid growth, NBC Universal (NBCU) is acquiring Oxygen Media, a female-focused cable TV network in the US to expand its cable portfolio. NBCU will acquire Oxygen for $US925 million, net of financial assets, the cost is approximately $US875 million. The deal will be substantially self-funded through the sale of non-core assets including two independent Telemundo TV stations, Spanish-language KWHY in Los Angeles and WKAQ in Puerto Rico. Oxygen is available in more than 74 million homes and has been registering significant growth in ad sales and viewership especially in the last quarter. Launched in 2000, it is the only fully distributed entertainment cable channel launched in the last decade.