Elon Musk expresses interest in buying MSNBC but Comcast says channel is not for sale
Elon Musk has been publicly expressing interest in buying MSNBC, a cable channel owned by Comcast's NBCUniversal. However, Comcast has confirmed that MSNBC is not for sale as it plans to spin off its cable networks into a new company. The new company, referred to as "SpinCo," will be created in about a year, allowing existing Comcast shareholders to retain ownership. This spin-off aims to give the new entity more flexibility for growth and potential acquisitions, but it complicates any sale of MSNBC. Musk's interest appears to stem from his ongoing criticism of MSNBC. Despite his wealth, financing a deal for the channel could be challenging due to his financial ties to Tesla and SpaceX.