Disney CEO Bob Iger spoke with CNBC about their decision to accelerate the expansion of Shanghai Disney Resort. When asked about the reports that Disney was in talks to acquire BuzzFeed he said:
“The only thing that I will say is we had some conversations with BuzzFeed months ago, there’s nothing active right now. I like Buzzfeed a lot. I think they have done a great job. I like that media space – it’s a truly new media platform in many respects – we ended up buying Maker Studios,” Iger said. “It’s not quite the same, but there are some similarities – short-form video, viral video. So, I think … at this point we have a full hand in that space.”
You can view a clip of the conversation with CNBC below: