WarnerMedia-Discovery Deal On Track To Close In First Half But Details Sparse: “We Have Our Go-To-Market Strategy Ready” – Discovery CFO
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deadline.comExecutives on both sides of the $43-billion WarnerMedia-Discovery merger confirmed the deal is on track to close by the middle of next year but details otherwise remain scarce on the combination that will reshape the media industry.In presentations at a media conference yesterday and today, Discovery CFO Gunnar Wiedenfels and AT&T CFO Pascal Desroches said they don’t expect regulatory roadblocks to the transaction.
The telecom giant agreed in May to spin off WarnerMedia, which will combine with Discovery to create a behemoth run by Discovery CEO David Zaslav.Among an army of other assets, the deal joins HBO Max and Discovery+.
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