US media company Comcast is apparently considering the sale of its German pay-TV business Sky Deutschland.
Comcast is working with an adviser as it studies this option, reports Bloomberg with reference to people familiar with the matter, asking not to be identified discussing confidential information.
Sky Deutschland could be valued at around €1 billion, suggest the sources, adding that Comcast may also decide not to sell.
The considerations follow the release of Comcast’s Q3 2022 results which show that in Europe lower sales in Italy and Germany had offset gains in its UK market.
“Sky Deutschland is subscale compared to its UK sister,” Francois Godard, a media analyst at Enders Analysis, is quoted by Bloomberg. “They have no telecoms operations. Maybe a German buyer could merge it with something else and get to scale.”