The CEO of Verizon, Lowell McAdam is open to discussing the possibility of merging with Disney, Comcast, or CBS, according to a report from Bloomberg.
McAdam told Bloomberg at their New York office, “If Brian [Roberts] came knocking on the door, I’d have a discussion with him about it.”
“Given what I know about architecture, financial requirement, cultural fit, there’s never a dream deal,” McAdam said.
There’s an M&A arms race going on in the telecom industry. Verizon rival AT&T, which acquired DirecTV in 2015, is trying to get government approval for its $85 deal to buy Time Warner by the end of the year.
Shares of Comcast and CBS both rose over 1 percent after the news as trading ended Tuesday. Disney shares ended the day slightly higher.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI