Comcast’s Co-CEO designate Mike Cavanagh said the company might be interested in acquiring streaming and studio assets as it grows from its upcoming spinoff of Versant Technology, a unit that will focus on cybersecurity.
Cavanagh denied that Comcast has high standards for M&A deals, saying “value is being added anyway” without acquisitions. However, he acknowledged that exploring options in the industry is part of his job to find ways to add value.
Comcast has previously explored acquiring Disney and Fox but was unsuccessful due to regulatory hurdles. Now, with Versant’s spinoff providing significant growth opportunities, Cavanagh suggests that Comcast may have more viable options than previously thought.
The company’s media segment generates $365 million in EBITDA, significantly less than its theme park businesses, which are earning over $1 billion and growing. With a substantial amount of money available from its internet services, generating over $8 billion in EBITDA, Comcast has the financial resources to pursue strategic acquisitions.
Source: https://deadline.com/2025/10/mike-cavanagh-on-comcasts-ma-options-with-warner-bros-discovery-in-play-1236602785