For Comcast, the Acquisition of Vudu Is About One Thing [The Motley Fool]
AT&T Inc. (T)
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Source: The Motley Fool
When streaming-video platform Vudu announced earlier this week it was to be acquired byComcast(NASDAQ:CMCSAThere's more to the deal than may meet the eye, however. With the pairing, Comcast's NBCUniversal unit -- which is technically the co-owner of Fandango -- now has control of a slightly bigger piece of the entire streaming video market. While Vudu may not be the belle of the ball, the acquisition at least prevents a rival from taking control of the platform.More than anything, though, Comcast's interest in a somewhat clunky Vudu suggests the company is making a proverbial "all-in" bet on streaming.What Vudu is, and why Comcast wants itVudu, currently owned by retailerWalmartupcoming Peacock platformNonetheless, the deal is a tad strange.Image source: Getty Images.See, Comcast didn't need Vudu. It could conceivably build its own Vudu-like service. Indeed, both Comcast andAT&TFebruary acquisition of streaming provider XumoThere's a method to the apparent madness, though, and it's no
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