"We didn't expect that we had a high likelihood of prevailing with a deal that made sense to us,"
"We are not interested in stressing the Comcast balance sheet,"
"take a look and do the work and see where it leads. You never know."
"we're better for having taken a look."
Comcast was not a leading contender in the bidding for Warner Bros. Discovery's streaming and studio assets. The company submitted an equity-heavy, cash-light offer to avoid stressing its balance sheet. Netflix's cash-heavy bid was chosen by the Warner Bros. Discovery board. Paramount launched a hostile bid for the company after Comcast exited. Comcast reviewed the opportunity to assess strategic fit and concluded the odds of prevailing with a sensible deal were low. Some media analysts argued Comcast needed Warner Bros. assets to strengthen Peacock and close content gaps, urging a bolder move from Comcast leadership.
Read at Business Insider
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