As speculation swirls about whether Paramount Skydance will make an offer for rival media giant Warner Bros. Discovery , the former’s CEO says he’s not able to talk about it.

“We’re a publicly traded company, so we’re not in a position to be able to comment on rumors or speculation of any kind,” Paramount Skydance head David Ellison said Thursday at Bloomberg’s Screentime event.

Ellison did, however, offer some thoughts on what he says is the company’s “mindset” regarding long-term strategy.

“I think, ironically, it was [WBD CEO] David Zaslav who said last year that consolidation in the media business is important. The way we approach everything is, first and foremost, what’s good for the talent community, what’s good for our shareholders and value creation, and what’s good for,

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