Will Netflix pursue a large-scale media M&A play? Don’t bet on it.
Greg Peters, co-CEO of Netflix, downplayed the company’s desire to grow through a major acquisition, speaking Wednesday evening at the Bloomberg Screentime conference in L.A. Peters was asked by moderator Lucas Shaw, Bloomberg’s managing editor for media and entertainment, if there was any truth to rumors that Netflix was interested in making a bid for Warner Bros. Discovery.
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“I would say this: We come from a deep heritage of being builders rather than buyers,” Peters responded. He continued, “One should have a reasonable amount of skepticism around big media
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