Todd Spangler NY Digital EditorIs it a pretty sure bet that the proposed WarnerMedia-Discovery combo will become a global streaming power — and successfully manage the transition from legacy media businesses?
Or is the merger a risky play by two big companies that could go south?Wall Street analysts are divided on the prospects for the deal, which is expected to close in mid-2022.
The proposed Warner Bros. Discovery merger is “the most compelling long-term opportunity across our media coverage,” RBC Capital Markets analyst Kutgun Maral.Under the blockbuster Discovery and AT&T agreement, announced last month, WarnerMedia assets including HBO Max, Turner and Warner Bros.
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