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AT&T to spin off WarnerMedia in merger with Discovery

Published Monday 17 May 2021 | 14:09 CET
AT&T has announced a deal to combine WarnerMedia's entertainment, sports and news assets with Discovery's non-fiction and international entertainment and sports businesses. The new company will be spun off as a separate entity, with AT&T shareholders receiving 71 percent of the shares and Discovery shareholders 29 percent. AT&T will receive USD 43 billion worth of cash, debt securities and ...

AT&T to spin off WarnerMedia in merger with Discovery

Published Monday 17 May 2021 | 14:09 CET AT&T has announced a deal to combine WarnerMedia's entertainment, sports and news assets with Discovery's non-fiction and international entertainment and sports businesses. The new company will be spun off as a separate entity, with AT&T shareholders receiving 71 percent of the shares and Discovery shareholders 29 percent. AT&T will receive USD 43 billion worth of cash, debt securities and ...

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