Comcast Explores Acquisition of Warner Bros. Film and Streaming Business

Deep News
Nov 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."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10