AT&T and Discovery expect to shut Discovery’s acquisition of WarnerMedia in mid-April, Selection has discovered.
In response to two individuals acquainted with the matter, with Discovery’s investor vote set for March 11, the 2 corporations are making ready for an in depth between April 11-April 28. Although these dates are seen because the objective at current, there’s all the time an opportunity of lacking on account of potential holdups. Nevertheless, this vary marks probably the most particular dates given by insiders near the deal, who had beforehand focused the month of April basically.
Ought to the deal shut by that point, two sources say it’s anticipated that Discovery and WarnerMedia would give some form of joint presentation on the TV upfronts in Might because the newly merged Warner Bros. Discovery — although each entities would nonetheless plan some separate element on account of pre-existing and ongoing advert gross sales methods.
Discovery, which is able to current its fourth-quarter 2021 earnings outcomes Thursday, declined to make executives out there for remark to Selection. A consultant for AT&T referred again to the corporate’s steering supplied throughout its current earnings presentation that it expects to shut the transaction within the second quarter.
Extra to come back…
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