What is AT selling to Discovery?

In mid-May, AT unveiled a deal to spin off WarnerMedia, merge it with Discovery and get $43 billion, in the process creating a new global content powerhouse with scripted and unscripted programming. AT will use the sale of its entertainment unit to reduce debt and focus on its connectivity business.

What companies does AT control?

Through its WarnerMedia unit, AT owns CNN, HBO, Cartoon Network, TBS, TNT and the Warner Bros. studio. Discovery, backed by cable mogul John Malone, controls networks such as HGTV, Food Network, TLC and Animal Planet.

What makes AT a monopoly?

Monopoly. Throughout most of the 20th century, AT held a monopoly on phone service in the United States and Canada through a network of companies called the Bell System. In the Kingsbury Commitment, AT and the government reached an agreement that allowed AT to continue operating as a monopoly.

Why did AT buy WarnerMedia?

AT CEO John Stankey has defended his decision to merge WarnerMedia with Discovery to allow the telecom giant to value its streaming service HBO Max like Netflix. AT will use the sale of its entertainment unit to reduce debt and focus on its connectivity business.

Does ATT own tmobile?

AT announced its intention to buy T-Mobile USA for $39 billion from Deutsche Telekom. The deal would come with 33.7 million subscribers, making AT the largest mobile phone company in the United States. for T-Mobile USA, Inc.

Does AT own WarnerMedia?

What does AT’s spinoff mean for its shareholders?

By Mark R. Hake, CFA There are two major events on the horizon for AT (NYSE: T) shareholders. First, the company will create a new company called Warner Bros. Discovery through a merger between its WarnerMedia subsidiary and Discovery Inc. (NASDAQ: DISCA). It will then spin off 71\% of those shares to AT shareholders.

Is AT selling its DoD services?

(EDITOR’S NOTE: This article was updated to clarify that AT is selling the professional services piece focused on DOD contracts) Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at [email protected]. Follow him on Twitter: @rosswilkers.

When will the acquisition of discovery by AT close?

The transaction is anticipated to close in mid-2022, subject to approval by Discovery shareholders and customary closing conditions, including receipt of regulatory approvals. No vote is required by AT shareholders.

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