Question · Q3 2025
Craig Moffitt asked Brian Roberts about the speculation surrounding a potential acquisition of Warner Bros. Discovery assets, their complementarity, and the feasibility of such M&A in the current political environment. He also asked about the implications of the transition at Verizon to Dan Shulman for Comcast's MVNO relationship.
Answer
Brian Roberts (Chairman and CEO, Comcast) wished Dan Shulman well and expressed confidence in the continued successful relationship with Verizon. Mike Cavanagh (President, Comcast) stated that the bar for M&A is very high, but the company would evaluate opportunities, particularly streaming and studio assets complementary to NBCUniversal post-Versant spin. He emphasized that NBCUniversal's current strategy is sound and durable without M&A, and that post-Versant spin, more deals might be viable than public commentary suggests.