Wall Street today reacted with concern to late Wednesday news that cable giant Comcast Corp. is eyeing a potential acquisition of at least part of NBC Universal.
Comcast shares tanked 7 percent in early Thursday trading.
While having its benefits, “a deal would play to investors’ worst fears about Comcast’s capital allocation,” said Sanford C. Bernstein analyst Craig Moffett in a note to investors. “Investors have long pressed Comcast for an aggressive return of cash to shareholders.
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