AT&T's WarnerMedia, Discovery to merge in $130-bn blockbuster deal

The deal is structured as a tax-advantaged Reverse Morris Trust.


AT&T, now the world’s most heavily indebted non financial company, gained some of the biggest brands in entertainment through its $85 billion acquisition of Time Warner Inc., completed in 2018

AT&T agreed to spin off its media operations in a deal with Discovery that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and

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First Published: May 20 2021 | 1:50 AM IST

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