Apple may be one of the few companies with the balance sheet to purchase WarnerMedia-Discovery, and it has historical ties to the media company, including past talks of a takeover.
AT&T intends to merge its WarnerMedia assets with Discovery in a deal structured specifically to give the company flexibility. According to
CNBC, that could lead to a future merger or sale down the road — maybe to Apple.
It's likely that the WarnerMedia-Discovery company will have a market capitalization of more than $100 billion when it begins publicly trading in 2022. Apple is among a few companies that has the cash to make such an acquisition.