deadline.com
30.06.2020 / 02:57
Why Did Comcast Buy Sky Again? Analyst Revisits Deal for “Declining Asset”
Jill Goldsmith 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 U.K. company.“Comcast still hasn’t said why they bought it, nor what they plan to do with it beyond simply running it as is.