Comcast Enters the $100 Billion Debt Club with Sky Deal
On October 2, Bloomberg reported that what Comcast (CMCSA) is borrowing to acquire Sky will put the company in the $100 billion debt club. Comcast’s debt level would nearly double to $114 billion, placing it after telecommunications providers AT&T (T) and Verizon (VZ). As we saw in the previous parts of this series, Comcast won the bidding war against Twenty-First Century Fox (FOXA) for 61% of London-based broadcaster Sky.