AT&T Fumbles: the Tyranny of Big Telecom
In February 2022, AT&T completed the spinoff of its holdings in WarnerMedia to Discovery, a $43 billion transaction creating Warner Bros. Discovery, Inc. In 2016, AT&T announced its intention to acquire Time Warner and the deal was completed in 2018. AT&T promoted the spinoff as a way to ensure that WarnerMedia would be in a More
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