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.
