Is Cash-Rich Time Warner Shopping for Deals?

Is Time Warner (TWX) shopping for deals? Citing the company’s $7 billion cash pile, Business Week wonders if CEO Jeffrey Bewkes will be inspired by the Disney (DIS) deal for Marvel (MVL) to beef up its own content business. The piece offers a number of potential targets:

• Dreamworks Animation (DWA): Would add Shrek to the fold.
• MGM: Large film library to feed the company’s cable channels.
• Scripps Network Interactive (SNI): Parent of Food Network and HGTV channels.
• NBC Universal: Not the broadcast piece, but the rest of the General Electric (GE) unit, which includes Bravo, USA and Syfy, plus the movie studio.
• Electronic Arts (ERTS): Video game company has big sports franchises.
• Take-Two (TTWO): Would give them the Grand Theft Auto franchise.

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Comments

[1918forever:]

LGF - Lions Gate Films is still out there with Ichann looking to leverage that huge content/movie database.

Sep 04 11:56 AM

[oren.weizman:]

Warner just picked up a lot of bankrupt Midway games for very low price; 33 million, which is less that what a high profile game costs to develop these days. Given they have 7B to spend, ERTS at a market cap of 6B might be a bit much, but TTWO at 1B could be a good buy especially since next year TTWO will probably release a new GTA and BioShock. - real profit unlike Bebo. Of course ERTS wants TTWO as well (they bid over 2B last year) so it may lead to an interesting bidding war.

Sep 05 04:14 PM