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Telecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, paving the way for one of Hollywood s biggest studios to compete with media giants Netflix and Disney. Under the agreement, AT&T will unwind its $85 billion acquisition of Time Warner, which closed just under three years ago, and form a new media company with Discovery. The deal would create a new business, separate from AT&T, that could be valued at as much as $150 billion, including debt, according to The Financial Times. AT&T said it would receive an aggregate amount of $43 billion in a combination of cash, debt, and WarnerMedia s retention of certain debt. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. source cnbc.com also read Greek man, 35, suffers second blood clot in days after taking AstraZeneca vaccine Greece eyes Iron Dome defence system for.
Honey Trap: Kiwis rack up $6.2 billion in credit card debt
15 May, 2021 09:00 PM
7 minutes to read
Credit card debt is burdening a lot of Kiwis. Photo / Getty Images
Credit card debt has topped $6.2 billion nationally and local budget advisers say spending has started to spike again - with the cost-of-living increases in the wake of Covid. It comes as tertiary students are being urged by financial advisers to be wary of card offers that could potentially trap them in debt for life.
Figures from the Reserve Bank of NZ show total advances outstanding rose 0.2 per cent in March compared to February.