Finance

Analyst Really Doubts Deal Between Verizon and Disney

Wells Fargo’s Ryvicker 'still laughing' at reported merger prospect 7/05/2017 7:30 PM Eastern
Marci Ryvicker signaled that the idea of a Verizon-Disney merger is laughable.
CNBC

Anything can happen — in the TV business and on Wall Street — so here’s one to put up on the bulletin board, just in case.

In response to a New York Post report that Verizon Communications was looking to buy The Walt Disney Co., analyst Marci Ryvicker of Wells Fargo put out a report Monday (July 3) titled “No Way. No How. No Chance.”

Related > Moffett: Verizon Fails Deal Sobriety Test

The report cast shade on the transaction's potential.

“When we first saw this latest ‘news’ of Verizon looking to buy Disney, we laughed," Ryvicker wrote. "Out loud. In fact we’re still laughing.

“What would a wireless juggernaut want with a theme park, a YUGE consumer products line and the various movie studios?" she added. "Maybe Verizon would be interested in ESPN — if ESPN were to be spun out.”

Related > Report: Verizon CEO Open to M&A Talks

In conclusion, Ryvicker said she does not — in capital letters — believe Verizon is contemplating the purchase of Disney.

“Perhaps the N.Y. Post mistook the 4th of July for April Fools," she said.

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