Comcast could pay $1 billion for Disney’s 40% stake in E! Enterta...
Comcast could pay $1 billion for Disney’s 40% stake in E! Entertainment, analysts predicted after Broadcasting & Cable said the firms are in talks. Comcast would likely fund such a deal with cash, said analysts, including Sanford Bernstein’s Craig…
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Moffett and Aryeh Bourkoff of UBS. A bond sale is also possible, Bourkoff wrote investors. E! is part of broader negotiations between Comcast and Disney, said a person familiar with the talks who asked not to be identified. Although talks are under way, a deal isn’t imminent, said the source. “The sale may be wrapped into the renegotiation of ESPN carriage on Comcast,” wrote Moffett. “Renewing ESPN carriage contracts with cable operators has been a top priority for Disney.” Comcast and Disney had no comment.