Anonymous ID: 8e5497 Oct. 13, 2023, 7:12 a.m. No.19728403   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Happened in 2017

 

three years ago,( AT&T finally closed its $85 billion deal to buy Time Warner, ending a protracted battle with the Justice Department under then-President Donald Trump, which sought to block the deal. Now itโ€™s spinning off its media assets from the deal to combine with Discovery to create a content giant.

 

https://nypost.com/2022/02/01/att-to-spin-off-warnermedia-in-43b-discovery-deal/

Anonymous ID: 8e5497 Oct. 13, 2023, 7:16 a.m. No.19728434   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

The deal to unwind AT&Tโ€™s $85 billion purchase of Time Warner, renamed WarnerMedia, was announced early last year, but some financial details were not disclosed until Tuesday. AT&T is in the process of shedding non-core media assets so that it can focus on its wireless and broadband internet business as it forges ahead with the development of 5G technology.