Activist Trian Fund sets its sights on Comcast, says company’s stock “undervalued”

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In 2017, the company purchased Sky for $38.8 billion, which many critics claim Comcast paid too much for.

Recently, Comcast lost out in a bidding war against Walt Disney Co. (NYSE: DIS) to acquire 21st Century Fox Inc.’s entertainment assets valued at $71 billion by the deal’s end. Disney did not purchase Fox Corp., a division of the journal parent company News Corp.

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