AT&T's WarnerMedia & Discovery are merging to create a new streaming giant

The new company is expected to close in mid-2022. What you need to know AT&T's WarnerMedia and Discovery are merging to create a new streaming service. The new streaming service will globally compete. AT&T would get $43 billion in combination of cash, debt securities, and WarnerMedia's retention of certain debt. AT&T's WarnerMedia and cable and streaming network Discovery are merging to create a new streaming giant. AT&T owns HBO Max, which has some of the best shows, and Discovery owns lifestyl...