AT&T is negotiating a merger of its WarnerMedia company with Discovery

American communications giant AT&T Negotiations are underway to merge its subsidiary Warner Media, Owner CNN s HBOWith the media group DiscoveryWho owns the channel EurosportAmerican newspapers reported on Sunday.

The new entity must be owned by AT&T s DiscoveryHowever, no details have been released.

Contacted by AFP, neither AT&T nor Warner Media, Nee Discovery Make comments.

If an agreement is reached, a titanic will be created that will rival Netflix and Disney +, whose subscribers have soared during the Covid-19 pandemic.

However, the slowdown in the growth of the Empire’s flow platform Disney Between January and March, investors are anxious and the group’s shares fell last week.

AT&T I buy Time warning In 2018 for $ 80,000 million. Renamed as Warner MediaThe company owns HBOFrom studies Warner Bros. And cable channels like CNN.

Discovery It has channels in 220 countries, according to its website.

Warner Media Its net profit was $ 30.4 billion in 2020 and Discovery, valued at $ 10.7 billion.


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Terry Alexander

"Award-winning music trailblazer. Gamer. Lifelong alcohol enthusiast. Thinker. Passionate analyst."

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