Mammoth merger between AT&T and Warner Bros.

Mammoth merger between AT&T and Warner Bros.

A new Media streaming giant is born from the deal between AT&T and Warner Bros. which owns the most famous studios. The parent companies of HBO and Discovery decide to work together in a highly competitive online field.

A new company will emerge from this deal with AT&T estimated to receive the total amount of $ 43 billion. The new streaming platform that will emerge from this deal is expected to face streaming giants such as Netflix and Disney.

The rumors about this deal had started a few days ago, which was finally officially announced and it is understood that it aroused the global financial interest. Shares of both AT&T and Discovery rose. AT&T owned Time Warner, which it renamed WarnerMedia in 2018, for the acquisition of which it had paid $ 85 billion.

Follow Techblog.gr on Google News to be the first to know all the technology news. If you use RSS add Techblog to your list https://techblog.gr/feed.


Source: Techblog by techblog.gr.

*The article has been translated based on the content of Techblog by techblog.gr. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!