It’s being reported that Disney will likely sell its 39.6% stake of Sky at Comcast’s bid price, which would be around 14 Billion. They will also sell the sports networks thought to be worth 25-30 billion on the open market.
That cuts down their Purchase of Fox’s assets from 71.3 Billion to somewhere around 31-35 billion. Although they don’t get the all the assets, they get what was most important in the content library and majority ownership of Hulu.
Do you guys believe they will be content to de-lever or are they going to be out on the hunt for something else with that capital?
The amount of capital they’re getting back would be around EA’s cap right now. I think seriously returning to gaming is probably their next step.
Submitted September 22, 2018 at 04:49PM by xrixxirx https://ift.tt/2I7Em8D
