Image default
Greek News

AT&T announces $43 billion deal to merge WarnerMedia with Discovery

Telecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, paving the way for one of Hollywood’s biggest studios to compete with media giants Netflix and Disney.

Under the agreement, AT&T will unwind its $85 billion acquisition of Time Warner, which closed just under three years ago, and form a new media company with Discovery. The deal would create a new business, separate from AT&T, that could be valued at as much as $150 billion, including debt, according to The Financial Times.

AT&T said it would receive an aggregate amount of $43 billion in a combination of cash, debt, and WarnerMedia’s retention of certain debt. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added.

source cnbc.com

also read

Greek man, 35, suffers second blood clot in days after taking AstraZeneca vaccine

Greece eyes “Iron Dome” defence system for protection of Aegean islands (video)

Σχετικα αρθρα

PM Mitsotakis signs contract for €1.2 billion Athens Metro Line 4 project

admin

Visit of Prime Minister Kyriakos Mitsotakis to TeamViewer in Ioannina

admin

Where the Rich Park Their Money (infographic)

admin

Pandemic-Fueled Bicycle Boom Coasts Into 2021 (infographic)

admin

Norway not ready to let go of oil, gas in push for greener energy

admin

Greek exports to Saudi Arabia up by 107%

admin

Where Investors Earned The Most From Bitcoin In 2020 (infographic)

admin

Greece: The application that shows the zone prices for each property is now available

admin

Greek economy: The book of offers for the new 10-year bond has opened

admin

Greece: Huge subsidy for the acquisition of electric taxis

admin

Global Corporation Tax Levels In Perspective (infographic)

admin

To the Moon! And Back? (infographic)

admin