Interesting news from Deadline as WarnerMedia owner AT&T eyes a potentially merger of media assets with Discovery. The WarnerMedia brand, of course, includes publisher DC Comics which would form part of the merger.
According to the trade, a person familiar with the situation confirms that talks have been ongoing. The configuration is said to be a joint venture, with details still being finalised. WarnerMedia had already been talking with NBCUniversal about a similar arrangement in recent months, though those discussions have thus far failed to birth a deal.
Bloomberg, citing unidentified sources, had the first report on the combination, indicating that a deal could be announced as soon as this week. The Financial Times also said word on a transaction is likely this week, adding that AT&T’s board met over the weekend to vote on the deal.
Reps from Discovery and AT&T declined to comment when contacted by Deadline. More on this story at it develops…
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