Why Did Comcast Buy Sky Again? Analyst Revisits Deal for “Declining Asset”

Outplayed by Disney in a bidding war for 21st Century Fox Hollywood assets in 2018, Comcast instead acquired British satellite broadcaster Sky — for $36 billion more than it’s worth today, according to one Wall Street analyst, suggesting the plunging valuation may be less worrisome than the media giant’s lack of strategic vision for the […]

from Deadline https://ift.tt/31qVWQM

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