AT&T in Talks to Merge Media Business With Discovery (Report)

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AT&T is in talks with Discovery, Inc. to merge its media business with the sprawling television company, Bloomberg reported on Sunday. Bloomberg reports that the two media giants could unveil a…

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.

 

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TimDStuart XboxP3 satyanadella

Future will be solid if its Merge with Stone Quarry and Syncopy.💥💥💥

Watch Disney swoop in and snatch the deal instead.

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