U.S. stocks trade lower Monday afternoon, with technology shares are under pressure, following the worst week for the three main equity benchmarks in nearly three months.
The London stock market somewhat mirrored London’s weather today; a pleasant start, followed by heavy showers and then a traditional British tepid finish.
AT&T To Spin Off WarnerMedia, Merge It With Discovery AT&T Inc. (NYSE:T) has confirmed a report that it was in talks to spin off WarnerMedia and merge it with Discovery Communications Inc. (NASDAQ:DISCA). Shares of both companies rose in early trading after the confirmation. Q1 2021 hedge fund letters, conferences and more AT&T to spin off WarnerMedia, combine with Discovery AT&T and Discovery announced […] Free Book Preview
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AT&T Inc. (NYSE:T) has confirmed a report that it was in talks to spin off WarnerMedia and merge it with Discovery Communications Inc. (NASDAQ:DISCA). Shares of both companies rose in early trading after the confirmation.
David Zaslav, the longtime chief executive of Discovery Communications Inc., will sit at the helm of AT&T Inc's WarnerMedia division and Discovery's combined media company.