WarnerMedia CEO John Stankey on Wednesday refuted news reports of parent company AT&T contemplating a sale of its HBO Europe unit to make good on debt obligations.
On Wednesday, the Financial Times reported that there have been internal talks within AT&T about divesting HBO Europe (among other assets), although no final discussions with potential buyers had taken place yet. However, Stankey called the report “"completely baseless and inaccurate."
Stankey said, "We normally do not comment on speculation, but when a news outlet is advised that their reporting is factually incorrect and report it anyway, we feel compelled to set the record straight", while adding, “HBO Europe is a valuable asset for our growth plans in Europe."
Last year, telecom giant AT&T acquired Time Warner for $85 billion.