Home Stock market AT&T in talks to combine WarnerMedia assets with Discovery

AT&T in talks to combine WarnerMedia assets with Discovery

by kyngsam


AT&T Inc. is in talks to mix an enormous portfolio of media belongings, together with CNN, with Discovery Inc., in line with individuals conversant in the matter, a deal that might mark a significant technique shift for the telecom big as the normal TV enterprise faces extended strain.

The talks, which cowl CNN and different elements of AT&T’s
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WarnerMedia division, together with the TNT and TBS cable channels, are superior and an settlement may very well be reached by Monday, the individuals stated. Ought to there be a deal, AT&T shareholders would personal an enormous stake within the new entity, among the individuals stated. The individuals cautioned {that a} deal isn’t completed but and the talks may nonetheless collapse. Different particulars of the potential transaction couldn’t be realized.



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