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AT&T Announces $43 Billion Merger Of WarnerMedia With Discovery, | News Radio 810 & 103.1 WGY

By Jason Hall
May 17, 2021
AT&T announced a deal to combine its content unit WarnerMedia with Discovery in an effort to compete with other major streaming services on Monday (May 17).
CNBC reports AT&T will create a new business merging Time Warner which was acquired for $85 billion just under three years ago with Discovery, creating a new business separate from AT&T that could possibly be valued at as much as $150 billion, including debt, according to
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 as part of the agreement announced on Monday. ....

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WarnerMedia, Discovery combine to form new leader in global entertainment space

WarnerMedia, Discovery combine to form new leader in global entertainment space
By
IANS
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WarnerMedia, Discovery combine to form new leader in global entertainment space.. Image Source: IANS News
New Delhi, May 17 : AT&T and Discovery on Monday announced a definitive agreement to combine WarnerMedias premium entertainment, sports and news assets with Discovery s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.
Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia s retention of certain debt. AT&T s shareholders would receive stock representing 71 per cent of the new company; Discovery shareholders would own 29 per cent of the new company. ....

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AT&T Announces $43 Billion Merger Of WarnerMedia With Discovery, | PowerTalk 1460 AM & 101.1 FM

By Jason Hall
May 17, 2021
AT&T announced a deal to combine its content unit WarnerMedia with Discovery in an effort to compete with other major streaming services on Monday (May 17).
CNBC reports AT&T will create a new business merging Time Warner which was acquired for $85 billion just under three years ago with Discovery, creating a new business separate from AT&T that could possibly be valued at as much as $150 billion, including debt, according to
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 as part of the agreement announced on Monday. ....

David Zaslav , Discovery Channel , Warner Bros , Animal Planet , Time Warner , Discovery President , At Amp T , Streaming Services , கண்டுபிடிப்பு சேனல் , எச்சரிக்கை சகோ , விலங்கு கிரகம் , நேரம் எச்சரிக்கை , கண்டுபிடிப்பு ப்ரெஸிடெஂட் , இல் ஆம்ப் டி ,

AT&T Announces $43 Billion Merger Of WarnerMedia With Discovery | Talk Radio 105.9

The company is aiming to compete with top streaming services like Netflix and Disney+. ....

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WarnerMedia, Which Airs AEW on TNT, Announces Merger With Discovery

AT&T’s WarnerMedia has announced a merger of its entertainment assets (which includes TNT, the home of AEW) with Discovery Inc. The new company hasn’t been given a name or management structure yet, but it will be led by Discovery CEO David Zaslav. AT&T will receive $43 billion in cash, debt securities and WarnerMedia’s retention of debt, with shareholders getting stock that represents 71% of the new company. Discovery shareholders will get the other 29%. The deal will likely close sometimes in mid-2022, after approval from Discovery shareholders and regulators. Here’s a press release:
AT&T’s WARNERMEDIA AND DISCOVERY, INC. CREATING STANDALONE COMPANY BY COMBINING OPERATIONS TO FORM NEW GLOBAL LEADER IN ENTERTAINMENT ....

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