Getty / Scott Olson
AT&T and Discovery announced plans to spinoff AT&T s WarnerMedia business on Monday.
The deal would see Discovery absorb big-name brands such as HBO, CNN, and film studio Warner Bros.
We ve got the names of the top dealmakers who put the transaction together.
Some of Wall Street s biggest stars were tapped to help hammer out the deal between AT&T s WarnerMedia division and Discovery, which was announced on Monday.
A flashy battalion of big-name bankers from some of the Street s top technology, media, and telecom advisory shops came together to work on the deal, which will create an entity valued at roughly $130 billion including debt. Powerhouse attorneys from white-shoe law firms including Sullivan & Cromwell and Debevoise & Plimpton also helped along the way.
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From fighting activists to raising money and managing mergers, top media bankers had a busy year in 2020, with telecom, media and tech M&A soaring 77% in 2020.
Univision s majority stake sale and Warner Music s IPO were among the biggest deals, and there s more to come this year.
Insider rounded up eight of the top media bankers making these deals happen.
It s been a stomach-churning year in media, with the pandemic providing a black swan event that has challenged even the smartest players.
Pivoting is the business plan du jour, and the telecom, media and tech sector bankers have been busy coming up with ways to seize the day for some and rescue plans for others.
After Trump supporters staged an insurrection at the Capitol, Javanka’s remaining social capital and the fear that accompanied it has dried up. Says one former friend of Ivanka’s: “How do you associate yourself with the worst, most toxic people in U.S. history?”
FOX Business’s Charlie Gasparino discusses the New York City mayoral race and the value of bitcoin.
At least one New York City mayoral candidate is openly embracing the fat cat set as he plans his long-shot bid to run the Big Apple.
Ray McGuire, the former Citigroup investment banking star, has been busy raising money from some of the wealthiest coastal elites, FOX Business has learned. The moves are sure to draw criticism from his opponents, particularly in the city s progressive-leaning Democratic Party, whose nomination he is seeking.
On Tuesday, McGuire hosted a virtual fundraiser via Zoom entitled, “NYC to LA for Ray” that featured top bankers and Hollywood executives who agreed to donate anywhere from $1,000 to $5,100 to access the event.
Inside the Politico Playbook Shake-Up Maxwell Tani
When the authors of
Politico’s Playbook newsletter scored an interview with President Donald Trump, it was a victory for the duo, who had been angling for a sit down with the president for months for their book. There was only one problem: They forgot to tell any of their colleagues at
Politico about their interview.
The years-old incident well-known within the organization was representative of the relationship Jake Sherman and Anna Palmer had with some at the publication over the past four years. Since taking over the newsletter in 2016 following the acrimonious departure of its founder Mike Allen, the Playbook authors, while personally well-liked by many newsroom colleagues, have been somewhat polarizing within the outlet in their work helming the signature product: credited by some for saving the newsletter; criticized by others for not being good enough team players.