David Zaslav Is Talking M&A Again As WBD Pays Down Debt, Expands Max Globally
deadline.comWarner Bros. Discovery CEO David Zaslav, who started talking about more deals shortly after inking a massive merger, irritating Wall Street, has been publicly quiet on that front for a bit.
Today said he sees opportunities in M&A with the company on a stronger financial footing and rolling streamer Max out globally to achieve necessary scale.
Discovery’s acquisition of Warner Media generated significant debt which stood at about $50 billion at one point. WBD has paid about $15 billion of that down, Zaslav said during a Q&A at Bernstein’s Strategic Decisions investor conference today.
Free cash flow is stronger, streaming is (on-and-off) profitable “and we have a long-term plan.” “Over the next two to three years, I expect that there’s going to be some opportunities.
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