Vivian D. Labbe
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Vivian D. Labbe in Mergers & Acquisitions,

Former Sell-Side Analyst On The Comcast-CBS Deal Rumors

Ever since AT&T Inc.  agreed to buy Time Warner Inc  for $85.4 billion, rumor mills have been churning out various M&A scenarios. One such speculation making the rounds is Comcast Corporation  could buy CBS Corporation  as part of its diversification strategy.

But, Martin Pyykkonen, an independent analyst and 20-year market veteran, told Benzinga that the rumored deal is unlikely to happen, andCBS may be more interested in a merger with Viacom, Inc. .

Pyykkonnen, a former sell-side analyst at Rosenblatt Securities, said, “CMCSA wanting CBS would actually be similar to their move to acquire NBCU (broadcast network, cable CHs, film studio).”

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