AT&T (T) – Get AT&T Inc. Report said Tuesday it will spin-off its interest in WarnerMedia to shareholders when it closes its $40 billion media merger with Discovery (DISCA) – Get Discovery, Inc. Class A Report.
AT&T said shareholders will get 0.24 WarnerMedia/Discovery shares for each AT&T share when the deal is closed, which is now expected to by the end of the second quarter. The ratio will mean AT&T shareholders will own……[read more]
What does this merger mean to the streaming and media industries? Is this merger good for AT&T shareholders, explain?
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