Bloomberg Intelligence Warner Bros. Weighs Sale Amid Interest From Several Parties
Oct 21, 2025
George Ferguson, a senior analyst at Bloomberg Intelligence focusing on aerospace and defense, dives into GE Aerospace's remarkable earnings, driven by soaring air-travel demand and improved supply chains. He also highlights RTX's strong defense divisions and increasing federal contracts. The conversation touches on strategic potential sales from Warner Bros. Discovery, including competitive bids and Comcast's interest, hinting at the shifting landscape of media and entertainment.
AI Snips
Chapters
Transcript
Episode notes
Company Put Itself Up For Sale
- Warner Bros. Discovery signaled a de facto sale by launching a strategic review after unsolicited interest surfaced.
- David Zaslav appears to be engineering a process to attract bids for all or parts of the company at much higher prices.
Paramount's Bids Were Too Low
- Paramount reportedly bid around $20–$25 per share but was rejected as Warner sought much higher bids.
- Management seems to be pushing for significantly higher offers, with reports of a $40-per-share target.
Why Comcast Makes Strategic Sense
- Comcast is a logical strategic buyer given its linear networks, Peacock streaming, and Universal studio.
- The main hurdles for Comcast are regulatory approval and massive financing needs for a transformational deal.