Under the terms floated by Bloomberg, AT&T would spin off WarnerMedia into the newly combined company, creating a TV, film and streaming powerhouse. AT&T would contribute assets including WarnerMedia and HBO Max with Discovery’s reality television-heavy properties, such as the Discovery Channel, HGTV, TLC, Food Network, OWN and Animal Planet, among others., a Discovery representative declined comment. “We don’t comment on rumor and speculation,” said an AT&T representative.
If such a deal were to be completed, it would be the largest media/entertainment merger since The Walt Disney Co. acquired the entertainment assets of 21st Century Fox in 2019. That deal, like the newly-proposed one, was about bulking up to take on upstart streaming services like Netflix.
TimDStuart XboxP3 satyanadella
Future will be solid if its Merge with Stone Quarry and Syncopy.💥💥💥
Watch Disney swoop in and snatch the deal instead.