AT&T, Discovery Prepare for Mid-April Close of WarnerMedia Deal
variety.comJennifer Maas TV Business WriterAT&T and Discovery are expecting to close Discovery’s acquisition of WarnerMedia to create new company Warner Bros.
Discovery as early as mid-April, Variety has learned.According to two people familiar with the matter, with Discovery’s shareholder vote on the deal — which has already received regulatory approval from the DOJ — set for March 11, the two companies are preparing for a close between April 11-April 28.
Though those dates are seen as the goal at present, there’s always a chance of missing due to potential holdups.However, this range marks the most specific dates given by insiders close to the deal, who had previously targeted the month of April in general as the earliest potential time frame during which the transaction could be sealed.
Should the spinoff of WarnerMedia by AT&T close by that time, two sources say it is expected that Discovery and WarnerMedia would give some sort of joint presentation at the TV upfronts in May as the newly merged Warner Bros.
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