PCV believes that the pending AT&T/Time Warner merger could set off a stream of M&As within the industry as competitors seek to play catch-up.
April 17, 2017
Verizon, which is in the midst of closing its deal for Yahoo, is open to M&A talks with the likes of Comcast, Disney and CBS, CEO Lowell McAdam said in an interview with Bloomberg.
A Verizon spokesman confirmed McAdam’s comments but said “the remark was more in the context of, ‘We’re always open to talking to anyone.’”
McAdam’s signal that Verizon is hunting for a game-changing deal comes after rival AT&T bid $85 billion for Time Warner to diversify into the entertainment business. AT&T also owns DirecTV, the No. 1 satellite TV provider, and has launched the over-the-top DirecTV Now service as a new competitor in the market.