At T Is Merging Warnermedia With Discovery
AT&T Brings HBO Max and Discovery+ Under One Roof The massive deal will give WarnerMedia parent AT&T $43 billion in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt. The deal follows a similar move from Verizon Media, which just recently announced a $5 billion deal with Apollo Management to sell its Yahoo and AOL properties. A new, yet-to-be-named standalone media company will be run by Discover CEO David Zaslav....