Comcast CFO: Report That Comcast Pondering BSkyB Buy Is “Rubbish”

Comcast’s CFO is slamming a New York Times report that the company is weighing a possible purchase of BSkyB. “This is complete rubbish”, Michael Angelakis, Comcast’s vice chairman and chief financial officer, told the Times today. “It is total speculation and inaccurate”. That came in response to the NYT’s report today based on sources that Comcast was exploring whether BSkyB could become available for purchase. Angelakis denied the company had any interest in acquiring BSkyB. The Times reported Comcast’s thinking about a possible deal was in the preliminary stages and it had not made a formal offer or even approached BSkyB or News Corp, which owns 39% of Britain’s largest satellite broadcaster. The move would be surprising considering Comcast is still digesting NBCUniversal; that merger received federal approval in January 2011. News Corp’s own $12B bid to buy the portion of BSkyB it did not already own was scrapped last summer in the face of the UK phone-hacking scandal.

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