Comcast Explores Acquisition of Warner Bros. Film and Streaming Business

Deep News
11/07

According to multiple informed sources, Comcast is exploring a potential bid for the film and streaming business of Warner Bros. Discovery. The company has reportedly hired financial advisors and gained access to financial data for evaluation.

Sources indicate that Comcast, the parent company of NBCUniversal, has engaged Goldman Sachs and Morgan Stanley to assess a possible acquisition offer. Comcast has also secured access to necessary financial information to structure its bid.

Mike Cavanagh, President of Comcast, previously told investors that the company is evaluating media assets that "would complement our existing business." He also appeared to dismiss skepticism from analysts regarding regulatory approval, stating that "what’s possible may be more than some public commentary suggests."

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