A merger of WarnerMedia, a concern of AT&T, and Discovery owner, among others, TVN. The deal will allow the creation of a new giant who will be better equipped to fight Netflix and Disney.
According to the Financial Times, Bloomberg and CNBC are well ahead in merger talks. The Wall Street Journal reported that the deal could be announced as early as Monday.
As a result of merging WarnerMedia and The discovery would be a company Listed on the stock exchange, the owners will be the current shareholders of both occupants. The deal will enable the creation of a new giant to challenge companies like Netflix and Disney.
AT&T is a giant telecommunications company, Who is the owner of, among others, HBO, TNT, CNN and Warner Bros. Discovery, on the other hand, is the owner of Eurosport, and in 2018, the company bought Scripps Networks Interacitve, TVN Group owner.
The two companies declined to comment on the talks.
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