AT&T Merges Media Assets With Discovery In $130 Billion Deal
Signage on a water tower at Warner Bros. Studios in Burbank, California, U.S., on Monday, May 17, 2021. AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and Warner Bros. studio. Photographer: Bing Guan/Bloomberg via Getty Images

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