Comcast buys more than 30 percent of Sky after auction win over Fox
Matt Halbower, chief executive of Pentwater Capital, who sold his 1 percent share in Sky to Comcast on Monday, said the extra debt Comcast would take on was insignificant compared to the international expansion the Sky acquisition would bring to the company.
“This is a platform for Comcast to grow internationally,” Halbower said. “They wanted to grow in the United States. They were thwarted when the Department of Justice and the FCC (Federal Communications Commission) refused to allow them to buy Time Warner Cable, so now they have to look overseas and Sky is a great platform for them to be able to build overseas.”
—Disclosure: Comcast is the owner of NBCUniversal, parent company of Imagala.com and Imagala.com.com.