#AT&T to spin off WarnerMedia in B Discovery deal

#AT&T to spin off WarnerMedia in $43B Discovery deal

“#AT&T to spin off WarnerMedia in $43B Discovery deal” AT&T said Tuesday that it will spin off WarnerMedia, home to HBO and CNN, in a $43 billion deal to merge the property with Discovery, which owns Food Network, TLC and Animal Planet. The telecom giant also cut its dividend by nearly half, sending shares down…

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