economy
What's behind the Comcast breakup? Hope for a Disney-like valuation
NBCUniversal could look like Disney, which trades at 10-times price-to-earnings, one analyst says.
TL;DR
- Comcast is splitting off NBCUniversal and Sky from its cable and wireless segment.
- Analysts are divided on the potential outcomes, with some predicting improved valuations and merger opportunities.
- One analyst suggests NBCUniversal could trade similarly to Disney (10x EBITDA), and the cable business might merge with Charter Communications.
- Other analysts are skeptical about a cable merger, citing minimal overhead cut benefits.
- Comcast shares have struggled, trading at 12-year lows prior to the announcement.
- The company has faced challenges even after previous spinoff plans, with its stock down significantly since November 2024.