Mike Cavanagh, Comcast co-ceo, told analysts during Comcast’s third quarter earnings call Thursday morning that “the bar is high” for the company to consider a major merger of acquisition. But he didn’t rule anything out. He also indicated that Comcast’s ability to secure federal approval for any transaction would improve once the spinoff of its linear cable channels (other than Bravo) is completed later this year.
“The bar is very high for us to pursue any M&a transactions given how strongly we feel about the businesses we have, the strategies we’re pursuing and the opportunities we have ahead of us, so that continues to be an important anchor point for how we think about things,” Cavanagh said.
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