The US giant AT&T and Discovery have announced a deal to merge WarnerMedia’s entertainment, sports and news assets with Discovery’s international entertainment and sports companies to create a unique, high-end global entertainment company. In accordance with the agreement, AT&T will receive a total of $43 billion of cash, debt and the retention of certain debts of WarnerMedia. If approved by regulators, AT&T shareholders will receive 71% of the shares in the new company, while Discovery shareholders will own 29%. It is expected that the deal will deliver significant value to both AT&T and Discovery shareholders. This merger will bring together the strongest teams of media business leaders and content creators, and include industry-leading libraries of films and series. The merger will create a new business that could be valued $150 billion, including debt. This transaction gives AT&T and its shareholders the opportunity to leverage the value of…
Latest Posts:
- Virginie Debris on RCS and the Future of Messaging
- A quick roundup of the news in Telecoms | Week #13
- Tillman FiberCo Expands High-Speed Internet Network Across Florida
- European Telecom Competitiveness at Risk, Warns Ericsson CEO
- Navigating the Spirent Acquisition: Viavi Loss, Keysight Gain
- Amazon’s Strategic Investment in Anthropic: A New Era for AI in Telecommunications
- T-Mobile US Introduces Next-Gen Push-to-Talk Service for First Responders
- Orange and MásMóvil Seal Merger, Await Naming Decision
- AT&T Expands 5G Fixed-Wireless Access for Business Connectivity
Tag