may often be seen as a potential buyer of big media assets, but the bar to decide in favor of major acquisitions is high for management these days, CFO Michael Cavanagh told an investor conference on Tuesday.
Speaking at the virtual Bank of America Securities 2021 Media, Communications and Entertainment Conference, Cavanagh said that right now “the bar is really high for us to pursue outright acquisitions of any material size.” He added: “While he noted that “we never say never,” Cavanagh noted that smaller “tuck-in” acquisitions in some areas, such as a recent deal in cable business services, are more likely to make strategic and financial sense for management.
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