Sky, Comcast and ITV
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Comcast is continuing to spot a concerning pattern of customer behavior.
Comcast president Mike Cavanagh previously told investors that the company is evaluating media assets that “would be complementary to our existing business.”
Comcaat has hired bankers to explore a WBD bid and, separately, is in talks to buy the broadcasting business of UK media group ITV.
On October 30, 2025, Comcast Corp. (NASDAQ: CMCSA, $26.98; Market Capitalization: $98.3 billion) reported 3Q25 results.
The media giant has tapped Goldman Sachs and Morgan Stanley to evaluate a potential offer and has been granted access to review Warner's financials, according to Reuters
Comcast President Mike Cavanagh hinted the company was interested in certain assets, telling analysts: "You should expect us to look at things that are trading in our space ... [but] the bar is very high for us to pursue any [merger] transactions.
Comcast has taken a step closer to making an offer for parts of Warner Bros. Discovery -- but not WBD in its entirety -- with the retention of two banks as advisers, joining Paramount and Netflix in kicking the tires on WBD.
Comcast is in talks to acquire the studio and streaming arm of British TV network ITV and has reportedly hired bankers to explore taking a run at Warner Bros. Discovery.