World+dog did 107% more tech, telco and media deals this year so far

History repeating itself so soon?

"Comcast's strategy to stay competitive with Disney must include the acquisition of Sky or its equivalent."

What, like that most brilliant of channel + content megadeals, AOL Time Warner? That worked out well didn't it? I suppose the cheerleaders of Wall Street will tell us this time it's different. Like every other time it would have been different but then wasn't.

All we can draw from this is that decades of easy, low cost money are burning a hole in the pocket of the vision-less morons that become directors. Faced with the hard work and pain of becoming a bigger company by offering consumers something better, or simply buying another company with somebody else's money, directors ALWAYS go for the second. And then (a) screw up any integration, (b) add the vast deal and goodwill costs to customer's bills, followed by (c) wondering why the company's financials turn to ash.

Luckily, despite the inevitability of (c), it always turns out to be somebody other than the director's faults. IT screwed up. Or sales didn't bring in enough new business. Or Ops failed to successfully integrate two huge, totally dissimilar businesses with no synergy potential.