Comcast Might Drop Interest in Either Fox or Sky, MoffettNathanson Says
Comcast's recent stock slide increases the odds the company will back off on its interest in either Fox or Sky, MoffettNathanson analyst Craig Moffett wrote investors Wednesday. It said investor bearishness on Comcast stock after its bid for Sky reflects…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
a variety of issues, including fears that cash from the cable business would be increasingly diverted to other lines of business, and that the Sky bid reflects a Comcast desire to diversify away from its core cable business that has few growth prospects. It said a key issue is whether Comcast sees Fox as optional or vital for its interest in becoming a global media operator. It said it's increasingly doubtful Comcast pursues Fox even if the U.S. v. AT&T and Time Warner outcome is favorable toward a vertical deal. Comcast didn't comment.