T - AT&T/Discovery close merger deal clearing the stage for Warner Bros. Discovery

Time for Warner Bros. Discovery (WBD) to take the spotlight. AT&T (NYSE:T) and Discovery (DISCA) have closed the $43 billion transaction that merges their media operations into a new key industry player - worth at least $114 billion, and potentially up to $140 billion and beyond depending on the valuation approach. It sets up the new WBD to launch business with a fresh start Monday morning. The merger brings together the former Time Warner - sporting a cavalcade of film, TV and cable operations in the venerable Warner Bros., HBO and Cinemax, Turner Broadcasting, and CNN, among many other properties - with a sprawling global TV/cable and sports operation at Discovery (parent of U.S. networks including Discovery, HGTV, Food Network, TLC, Animal Planet and more). The deal marks a new era for the Warner Bros. properties, and an end to a turbulent three years under AT&T, where the telecom struggled

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AT&T/Discovery close merger deal, clearing the stage for Warner Bros. Discovery