While M&A speculation around Warner Bros. Discovery takes hold of the media industry, don’t expect Walt Disney to jump into the fray.
“We’ll see how the various moves play out,” Chief Financial Officer Hugh Johnston. “But we like the hand that we have right now, so I wouldn’t expect us to participate in making any significant moves”
The comments come amid chatter that companies are lining up to consider making a bid on WBD, which has put itself — or parts of itself — up for sale.
More to come
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