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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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WarnerMedia Announces Merger With Discovery - Details

WarnerMedia Announces Merger With Discovery - Details Wrestling News and Rumors ....

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