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AT&T’s WarnerMedia and Discovery to Merge as One Company

AT&T’s WarnerMedia and Discovery today announced a definitive agreement to combine WarnerMedia’s entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a standalone global entertainment company. The proposed company would be named Warner Bros. Discovery. Under the terms of the agreement, AT&T would receive $43 billion in a …

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