Comcast Has Been Awfully Quiet. Are Brian Roberts and Jeff Shell Itching to Make a Deal?
14.06.2022 - 20:59
/ variety.com
Comcast poised to make a big move?The cable and media giant has missed out on some snazzy acquisitions in recent years, failing to outmaneuver Disney to buy the bulk of 21st Century Fox’s entertainment assets and falling just short of nabbing WarnerMedia. Losing out on the latter stunned Comcast CEO Brian Roberts and NBCUniversal CEO Jeff Shell, who were enmeshed in planning how WarnerMedia would be integrated into their operations until Discovery landed their prize.And the company has been looking at Electronic Arts, though it appears that efforts to acquire the game-maker have stalled.
Those talks may have fallen apart earlier this year, but Roberts is bullish on gaming. He named his 32-year-old son Tucker the president of Comcast’s Spectator Gaming division in 2018, overseeing a competitive video gaming league and the arena attractions that house them.
In recent weeks, Shell has told confidants that he’d love to buy Netflix, which has become more digestible thanks to its recent stock slide, losing some $185 billion in value amid concerns about its subscriber defections. But some insiders believe that the NBCUniversal chief was talking theoretically.
One issue could be that Netflix’s lacks a vast library of intellectual property, which could make any potential buyer wary of overpaying for the streamer. That is, of course, if Netflix were ever to hang a “for sale” sign on its door, especially since it has made no indication that it would even contemplate such a move.
They could also just try to hold tight and see if Warner Bros. Discovery goes back on the auction block again, as some observers think it inevitably will once David Zaslav and his team have improved the company’s fundamentals and strengthened its streaming
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