END OF AN ERA: AT&T Floats WarnerMedia Division to Discovery Communications
Posted on 05/17/2021
AT&T Inc., the U.S.’s most heavily indebted non-financial company, has agreed to merge its WarnerMedia division with Discovery, Inc. AT&T is keen on making a streaming giant to compete with Netflix and The Walt Disney Company’s Disney+, while lowering its debt burden. AT&T shareholders will get 71% of the new company. The combined company will […]
