T - AT&T's WarnerMedia Unit And Discovery Are Close To Finalizing Their Blockbuster Merger
- The telecommunications and media entertainment industries in the US are about to be fundamentally changed by a blockbuster merger.
- On March 11, Discovery Inc shareholders voted to proceed with the merger between Discovery and AT&T Inc's WarnerMedia unit.
- While there is ample upside to be had through this industry changing transaction, we remain on the sidelines for now.
- In this article, we provide our thoughts on why AT&T had to cut its dividend and what to expect going forward.
- Additionally, we provide our thoughts on Warner Bros. Discovery, which will be a behemoth in the video streaming services space, though one with a bloated balance sheet.
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AT&T's WarnerMedia Unit And Discovery Are Close To Finalizing Their Blockbuster Merger