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Warner Bros. Discovery Announces Upsize of Previously Announced Cash Tender Offer to an Aggregate Tender Cap of up to $2,500,000,000

Warner Bros. Discovery Announces Commencement of Cash Tender Offer for an Aggregate Tender Cap of up to $1,750,000,000 for

People Moves: Triple-I Adds 4 Non-Resident Scholars; Tate Appointed Aspen's Head of Product for Inland Marine; Schuermann Named President of Berkley Entertainment

The Insurance Information Institute (Triple-I) announced the appointment of four new Non-Resident Scholars (NRS). Teresa Chan, Director - Insurance

Form 424B4 Waverley Capital Acquisi

Stocks in Volatile Measures: Entergy Corporation (NYSE:ETR), Scripps Networks Interactive (NASDAQ:SNI)

AT&T prepares to merge media assets with Discovery in major strategy shift

May 17, 2021 AT&T Inc. is preparing to spin off its media business and merge it with with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85 billion to acquire the assets less than three years ago. A deal could be announced as soon as this week, said the people, who asked not to be identified because the information was private. The transaction will be structured as a so-called Reverse Morris Trust, or a merger with another company that’s structured to be tax-free, one of the people said.

AT&T to merge media assets with Discovery in US$43 billion deal

The Straits Times AT&T to merge media assets with Discovery in US$43 billion deal The plan will combine Discovery's reality-TV empire with AT&T's vast media holdings, which include CNN and HBO.PHOTOS: REUTERS, NYTIMES Published5 hours ago https://str.sg/JvP8 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

AT&T, Discovery merge media assets to create giant

AT&T preparing to merge assets with Discovery

AT&T Inc is preparing to spin off its media business and merge it with Discovery Inc in a tax-friendly deal, people with knowledge of the matter said, a surprise reversal for a company that spent US$85 billion to acquire the assets less than three years ago. A deal could be announced as soon as this week, said the people, who asked not to be identified because the information is private. The transaction would be structured as a so-called Reverse Morris Trust, or a merger with another company that is structured to be tax-free, one of the people said. The idea is to

AT&T strikes blockbuster $43 billion deal with Discovery to form media giant

AT&T strikes blockbuster $43 billion deal with Discovery to form media giant AT&T strikes blockbuster $43 billion deal with Discovery to form media giant AT&T shareholders will receive stock representing 71% of the new company and Discovery stockholders will own 29% of the new company. Golden Boy, the Spirit of Communication statue, is pictured in the new AT&T Discovery District in downtown Dallas, Tuesday, April 20, 2021. The statue, originally called Genius of Telegraphy, stood atop AT&T's headquarters in New York City decades ago.(Tom Fox / Staff Photographer) 6:36 AM on May 17, 2021 CDT Dallas-based AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.