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David Zaslav Is Talking M&A Again As WBD Pays Down Debt, Expands Max Globally
Warner Bros. Discovery CEO David Zaslav Said He Sees potential deals ahead as the company pays down debt and streamers start to consolidate.
WBD has paid about $15 billion of that down, Zaslav said during a Q&A at Bernstein’s Strategic Decisions investor conference today. He met with Par’s controlling shareholder Shari Redstone and former CEO Bob Bakish last fall when deal talk there began to heat up, but nothing came of it. Asked in a kind of lightening round to respond to the word ‘Paramount’ he said “great storytelling heritage.” As for ‘M&A’ – “A lot of opportunity lies ahead.
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