calling the network “the elephant in the room” in the administration’s opposition. The deal won approval and was ultimately completed in June 2018.AT&T announced Monday that it was spinning off WarnerMedia into an independent company that will merge with Discovery Inc.
and be run with Discovery CEO David Zaslav.The all-stock deal will create an entertainment juggernaut that seeks to rival Netflix and Disney, and puts the likes of Warner Bros., CNN, Turner and Discovery’s stable of nonfiction networks under one roof — as well as two competing streaming services, Discovery+ and HBO Max.
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