Comcast president Mike Cavanagh poured cold water on speculation that the media and cable conglomerate might ink a deal with Disney to take a piece of ESPN. “I’ve been asked about and r…
“I’ve been asked about and read some speculation that in some way we might be interested in swapping businesses [with Disney]… in the sports space,” he said on Comcast’s Q2 earnings call. “And I would just say that that’s very improbable,” given “tremendous issues” around taxes and minority shareholder deal structures.
Bank of America Securities analyst Jessica Reif Ehrlich had suggested that Comcast would be a likely partner for ESPN. Iger’s comments about seeking a strategic investment partner for ESPN “just screams one company — and that company is Comcast,” Reif Ehrlich said on the July 19 episode of “The Marchand and Ourand Sports Media Podcast.”and Peacock’s lineup of live sports.
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