Warner Media International
WarnerMedia, Discovery combine to form new leader in global entertainment space
Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia's retention of certain debt. AT&T's shareholders would receive stock representing 71 per cent of the new company; Discovery shareholders would own 29 per cent of the new company.
HBO, WB movie channels to go off air in India
The decision was announced by WarnerMedia International, who have decided to shut down the HBO SD and HD linear movie channels in India and Pakistan, as well as the WB linear movie channel in India, Pakistan, Bangladesh and Maldives.
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