Comcast is close to selling its stake in the A&E cable networks, which would bring in nearly $3 billion for just 15 percent of the company, according to The New York Times. The deal has been in the works for many months, and now awaits approval from banks.

A&E Networks, whose majority 85 percent stake is co-owned by ABC-Disney and the Hearst Corporation, will make the purchase of the Comcast stake and will pay back the loan from the networks’ profits.

According to The New York Times, the executive who was aware of the negotiations said that A&E, which runs two top-rated cable networks, the History Channel and A&E, as well as the profitable Lifetime network, generates about $1.4 billion in profits for its owners annually.