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AT&T to merge media operations with Discovery - report

Monday 17 May 2021 | 09:35 CET | News
AT&T could merge its media business, bought less than three years ago for USD 85 billion, with Discovery, in a deal that could be announced very soon, Dow Jones reported, citing sources with knowledge of the matter. The talks value the AT&T business at over USD 50 billion including debt. The combined company, led by Discovery CEO David Zaslav, would try and meet Netflix and Walt Disney head one, bringing together Discovery's reality-TV assets with AT&T's media holdings.

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Categories: Broadcast & Satellite
Companies: AT&T / DirecTV / Disney / Hulu / Netflix / Time Warner / TNT / TPG / WarnerMedia
Countries: World
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