$200+ Million For Fandango

We’re triangulating information from a couple of sources who have information about the size of the Comcast/Fandango deal. It sounds like Comcast paid $200 million, or perhaps a bit more. We’re also hearing Fandango revenue is in the $50m/year range, split roughly evenly between ticket sales and advertising. This isn’t firm yet – our sources are in the same ballpark but they aren’t agreeing on an exact number.

As a public company, Comcast will need to disclose the purchase price only if it is deemed “material,” which is a somewhat subjective standard. Given Comcast’s market cap of $85 billion and change, it would take a much bigger transaction to trigger the materiality threshold.