US: Verizon CEO open to a merger with Comcast, Disney or CBS

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

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