WarnerMedia
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AT&T has finally offloaded its movie and TV interests to Discovery after completing its US$43 billion sale of the Time Warner interests it bought for twice that sum only three years ago. -
Activist investors; shareholding U-turns; and STL's Ankit Agarwal
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AT&T has changed its position again on its WarnerMedia stake – by deciding to offload all of its remaining shares to shareholders.
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AT&T has offloaded its advertising platform, Xandr, to Microsoft, marking another stage in its withdrawal from the media world.
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Electronic Arts (EA), AT&T and WarnerMedia confirm the completion of EA’s acquisition of Warner Bros. Games’ Playdemic for $1.4 billion in cash.
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AT&T has offloaded another business that it picked up when it bought Time-Warner — now WarnerMedia — for US$60 billion.
Forthcoming events
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There will be at least a year of disruption for AT&T and Discovery’s streaming and games business — just as they are saying the deal is to strengthen them against fast-moving Netflix.
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AT&T is in the process of about-turning on the results of its hard-fought battle, over a three-year period, to buy Time Warner.
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AT&T is open to offers for its Latin American version of DirecTV, the satellite TV unit that private equity group TPG Capital is buying into.
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AT&T has received bids for more than US$15 billion for its satellite TV operation, DirecTV, according to reports.
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Former FCC chairman William Kennard is to become the next chairman of AT&T, taking office in January just before Joe Biden becomes 46th US president.
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Former CTO John Stankey will become CEO of AT&T from the beginning of July, on the retirement of Randall Stephenson after 13 years in the role.
