WarnerMedia to Merge With Discovery, Creating a New Company
We’ve seen Disney gobble up Fox, and we’ve seen CBS merge with Viacom. Now the next major corporate merger is WarnerMedia and Discovery, which will combine to form a new company. Just a few years after AT&T bought Time Warner for $85.4 billion, the telecommunications company appears to be throwing in the towel. As first reported by theLos Angeles Timeson Sunday night and confirmed on Monday by the parties involved, AT&T is spinning off WarnerMedia, merging it with Discovery Inc....