Telecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, paving the way for one of Hollywood’s biggest studios to compete with media giants Netflix and Disney. Right now HBO Max is ranked 7th in streaming just behind Hulu in the coveted streaming market. Under the agreement, AT&T will revisit its $85 billion acquisition of Time Warner, which closed just under three years ago, and form a new media company with Discovery. The deal would create a new business, separate from AT&T, that could be…
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Disney & Fox Shareholders Approve $71.3 Billion Merger
Shareholders of The Walt Disney Company and 21st Century Fox voted Friday morning to approve the $71.3 billion purchase of Fox’s key assets. The deal is expected to be completed by mid-2019, giving Disney control of Fox’s film and television production studios, and bringing such properties as the X-Men, Fantastic Four, and Deadpool into the Marvel Studios fold. The meetings, held separately at the New York Hilton, each lasted less than 15 minutes, ending a saga that officially began in mid-December when Disney finalized its initial $52.4 billion stock offer…
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