Friday, 24 March, 2023

Warner Bros.-Discovery merger is now officially completed

<p>Discovery, Inc. and AT&amp;T Inc. have announced that their deal with WarnerMedia has been finalized. At the end of the deal, AT&amp;T received $40.4 billion in cash and WarnerMedia agreed to keep some debt. CEO David Zaslav said that the mega-merger announcement marked a significant milestone not just for Warner Bros. Discovery but also for their shareholders, distributors, marketers, creative partners, and, most importantly, consumers over the globe.</p>