Telsey Advisory Analyst Says FTC, FCC Would Not Like Comcast-Netflix Deal

When asked about a rumor that Comcast Corporation (NASDAQ: CMCSA) bid for Netflix, Inc. (NASDAQ: NFLX), Telsey Advisory Analyst Tom Eagan told Benzinga that wouldn’t make sense to him, especially now when it’s already trying to get a deal with Time Warner Cable Inc (NYSE: TWC).

He explained that structurally, Comcast already has its pay-TV business, as well as NBC.

Eagan also said Comcast would probably face regulatory issues from both the broadband side and the content side.

“I think both the FTC and the FCC wouldn’t like the transaction,” he said.

Comcast is trading slightly higher at $56.96, while Netflix is lower at $448.59.

Brianna Valleskey contributed to this report.