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Report of Comcast's Interest in NBC Sends Stock Tumbling

On heels of Wrap exclusive, stock falls 7 percent in Thursday trading.

Whatever Comcast’s ultimate interest is in NBC Universal, Wall Street doesn’t like it.

Following TheWrap’s report on Wednesday that the cable operator is in talks to buy a controlling stake in the network, Comcast’s stock fell 7.17 percent in Thursday trading to $15.16 per share. It began the day at $16.35.

As BusinessWeek pointed out, the situation is eerily similar to September 2004, when Comcast’s $54 billion bid to buy Disney failed.

Its stock plunged 6 percent the next day.

“Just like back in 2004," BW's Ronald Grover wrote, "investors are horrified.”

Part of the reason could be the crazy legislative hurdles any Comcast-NBCU deal faces.