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WarnerMedia, Discovery join hands to create standalone global entertainment company

WarnerMedia, Discovery join hands to create standalone global entertainment company
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Discovery e AT&T siglano accordo per asset multimediali da 43 miliardi di dollari Obiettivo: creare un nuovo gigante dello streaming

17/05/2021 | 14:25 Tre anni dopo aver rilevato Time Warner per oltre 85 miliardi di dollari, il colosso Usa delle telecomunicazioni At&t ha firmato un accordo che prevede la fusione tra WarnerMedia e Discovery con l’obiettivo di creare una società capace di competere al meglio nel mercato dello streaming. Nella nuova joint venture che sarà creata per l’occasione entreranno a farne parte Warner Bros, la piattaforma di streaming Hbo, Cartonn Network, Tcm e Cnn e dall’altro canto entreranno i canali tematici Discovery, Hgtv e Food Network. Gli azionisti di At&t deterranno il 71% del nuovo insieme mentre gli azionisti di Discovery Communication controlleranno il restante 29%. Con questa operazione At&t riceverà 43 miliardi di dollari in una combinazione di contanti, titoli di debito e il mantenimento di determinati debiti da parte di WarnerMedia.

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AT&T s WarnerMedia And Discovery, Inc Creating Standalone Company By Combining Operations To Form New Global Leader In Entertainment

/PRNewswire/ AT&T Inc. (NYSE:T) and Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced a definitive agreement to combine WarnerMedia s premium.

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AT&T (T) Confirms Deal to Merge Media Assets with Discovery (DISCA)

AT&T (T) Confirms Deal to Merge Media Assets with Discovery (DISCA)
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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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