Comcast Denies $16 Billion ITV Acquisition Rumor When regulators blocked Comcast's attempted acquisition of Time Warner Cable, the company started looking elsewhere for growth. That has included primarily media investments, like the company's $400 million investment in Buzzfeed and Vox Media. The moves have been mirrored by other broadband providers like Verizon, who this year announced a $4.4 billion acquisition of AOL, and is also in the running to acquire Yahoo.

But reports over the weekend suggested that Comcast is also considering a massive leap overseas with the rumored $16 billion acquisition of UK broadcaster ITV . Home of Downton Abbey and one of the UK's four major networks, ITV is already 10 percent owned by Liberty Media exec and cable industry mainstay John Malone. The problem? Comcast claims the reports aren't true. "We don't comment on M&A rumors, but the speculation on ITV is just completely inaccurate," Comcast said when asked about the reports. "We don't comment on M&A rumors, but the speculation on ITV is just completely inaccurate," Comcast said when asked about the reports.







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Most recommended from 10 comments

en103

join:2011-05-02 4 recommendations en103 Member Lets see.... They didn't say 'no'.

They stated

a) They don't comment on M&A rumors

b) They stated that the speculation is 'inaccurate'.



Stating that it is inaccurate could mean something as simple as $16 billion is really $15 billion.