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.

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Source: Techblog by

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