Comcast spent $40 billion on Sky in 2018. Now it’s probably worth less than half that sum. Though boss Brian Roberts is a reluctant seller, listing the European pay-TV provider will shortcut challenges on the horizon, says jennifersaba. BVPredicts
German media group ProSiebenSat.1 is mulling a possible bid for Sky’s German assets, Reuters reported on Nov. 9, citing two sources close to the matter. Sky’s owner, the U.S. media and cable company Comcast, is working with investment bank PJT Partners as it weighs selling Sky Deutschland, Reuters reported.
Comcast said on Oct. 27 that it took a non-cash impairment charge of $8.6 billion related to Sky assets for the third quarter of 2022. Comcast acquired the European pay-TV provider in 2018 for $40 billion.Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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