AT&T Confirms $43 Billion Deal To Combine WarnerMedia With Discovery.<br />AT&T Confirms $43 Billion Deal To Combine WarnerMedia With Discovery.<br />AT&T and Discovery, Inc. made the announcement on May 17.<br />The agreement would see <br />the formation of a new media <br />company with Discovery, <br />separate from AT&T.<br />According to 'The Financial Times,' that new business could be valued at as much as $150 billion.<br />The media powerhouse would be able to compete with the likes of Netflix and Disney.<br />The media powerhouse would be able to compete with the likes of Netflix and Disney.<br />AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia's retention of certain debt, Via AT&T's website.<br />Discovery's shareholders would receive stock representing 29% of the company, while AT&T's shareholders would get 71%.<br />To be one of the best global media companies requires not only broad and deep creative assets, but an investor base and access to capital to make it happen. , AT&T CEO John Stankey, via memo to WarnerMedia staffers.<br />The decision to combine WarnerMedia with Discovery is rooted in this conclusion, AT&T CEO John Stankey, via memo to WarnerMedia staffers.<br />The deal is subject to regulatory approval. <br />It is expected to close in mid-2022
