Background
In various media on Sunday, information appeared regarding a possible merger of media assets of AT&T (NYSE:T) and Discovery (DISCA). The companies officially announced the deal on Monday. Before moving on to the transaction itself, let's
The First Glance At AT&T And Discovery's Deal
Summary
- The deal will complement WarnerMedia's entertainment content with Discovery's non-fiction and sports content.
- According to my calculations, the valuation of the NewCo is approximately $99 billion.
- The purchase of Discovery after a correction following the publication of the deal is a potentially more profitable option to acquire a stake in the new company.
I am the head of research for the pre-IPO and venture division of the investment bank. Prior to that, I have been working as a global equity research analyst in an investment bank for the past 5 years. My specialization are Biotechnology, Internet and Media. I Received my CFA Charter in 2017. Also, I am FRM Charter. Besides, I am the author of the Russian-language Telegram-channel (the link in the section Website URL).
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