— make for attractive takeover targets for biggies on the hunt. And at least the one or the other company lacking major scale will be up for striking a deal, rather than battling giants, if the money is right, the argument goes.
The $43 billion WarnerMedia spinoff plan is “a watershed ‘horizontal’ merger that will likely reshape the media ecosystem and competitive landscape,” CFRA Research analyst Tuna Amobi says. And it is “motivated by the quest for additional scale for both companies’ nascent streaming offerings amid the escalating streaming wars versus Netflix, Hulu, Amazon Prime Video, Disney+ etc.”
On Monday, Cahall wrote: “Discovery+WarnerMedia doesn’t close the door to further deals, but it does cast doubt on a transaction with NBCU.” He argued that the deal could leave “Comcast potentially looking for a dance partner, and ViacomCBS could be dancing on their own too.”
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