The old codger is at it again...
AT&T are going to spin off their WarnerMedia assets and merge them with Malone's Discovery.
And of course for those conspiracy theorists out there, don't be surprised if this becomes another one of Malone's great tax "planning" wheezes, with as much AT&T debt (acquired when AT&T bought Time Warner) loaded onto the new entity as possible.
And if anyone remembers my comments regarding ITV, look out for future action there too. Discovery owns a chunk of ITV and with rising ad sales, ITV could be an attractive buy for the new Warner/Discovery company. Check out my first post of this thread (and my original thread on this linked from the first post of this thread), and throw in Lionsgate and Starz into the cooking pot for good measure too.
Also, I would expect Comcast to do a similar thing in the end and spin off its media assets and merge them with someone like Viacom. Remember what's currently going on with VM and O2... read between the lines there.
Now, can the old codger do any better than this deal, of course he can! Don't forget Amazon, Apple et all are still waiting in the wings. $150bn companies might sound big to us, but when you're a trillion dollar company, $150bn is not such a big deal, save for a bit of indigestion. Get the rennies out, as the biggies are still to come in the next few years.
https://www.cnbc.com/2021/05/16/att-...discovery.html