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John Malone Sizes Up Warner Bros. Discovery Suitors
John Malone, outgoing chairman of Liberty Media, major shareholder and former director of Warner Bros. Discovery, and longtime mentor to WBD CEO David Zaslav, compared the company’s and its potential buyers to the parable of The Blind Men and the Elephant.
“We have three or four aggressive bidders. They each are seeing a different elephant because of where they come from and why this asset would be important to them in their future and the future of their companies,” he told CNBC today. “Larry Ellison sees this as a global technology platform play that could really use AI to dramatically change the whole ballgame in social networking and streaming. The Netflix guys just see it as a great way to have the best library and the best production studio in movies and television … So, you know, I’m sure they’re studying the heck out of it.”
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