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- Shares of media conglomerate Discovery surged 17% on Friday, gaining momentum as investors eagerly anticipate a massive $43 billion merger with AT&T’s WarnerMedia, which cleared several regulatory hurdles and is expected to close in the next few months. Bank of America predicts the merger could create a “global media powerhouse.”
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WBD currently trades for $18.88 a share. The consensus 12-month price target of the five analysts rating the stock is $37.25. One of the analysts rates WBD as a sell. The forward P/E for the ...
- What Happens If You Own AT&T?
- What Happens If You Own Discovery Communications?
- Is Warner Bros. Discovery A Good Investment?
AT&T's WarnerMedia will represent 71% of the newly formed Warner Bros. Discovery, and its shareholders will receive approximately 0.24 shares of the new company for each share of AT&T stock owned. Before that happens, you will have the opportunity to decide whether you want to own just AT&T or Warner Bros. Discovery, or both companies. If you own A...
Discovery Communications will represent the remaining 29% of the new Warner Bros. Discovery company. Discovery Communications and its three share classes will no longer exist as the company, unlike AT&T, will fully be merged into Warner Bros. Discovery. Immediately before the merger, Discovery plans to reclassify its three share classes into one sh...
Warner Bros. Discovery has guided for an impressive $52 billion in revenue in 2023 with $15 billion being direct-to-consumer (DTC), which includes popular streaming services like HBO Max and Discovery Plus. For comparison, Walt Disney, in its fiscal year 2021, made $50 billion in revenue with its media and distribution arm -- $16.3 billion of which...
Jan 13, 2022 · Discovery stock jumped today as a formerly skeptical Wall Street is increasingly out pounding the table for the stock ahead of the David Zaslav -led company’s merger with WarnerMedia....
Jan 7, 2022 · Shares of media conglomerate Discovery surged 17% on Friday, gaining momentum as investors eagerly anticipate a massive $43 billion merger with AT&T’s WarnerMedia, which cleared several...
- Sergei Klebnikov
May 18, 2021 · But since this is a merger and acquisition situation, if a rival offer comes in for Warner Media and there is a bidding war, Discovery's stock price is at risk. Alternatively, if Discovery itself...
- GS Analytics
Apr 5, 2022 · The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both.
Jan 7, 2022 · Discovery and WarnerMedia are poised to combine in a $43 billion merger, forming a new entity to be led by current Discovery CEO David Zaslav.