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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 ...
Jan 13, 2022 · Warner Bros. 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...
Aug 3, 2021 · The merger with WarnerMedia will give the company enough critical mass of media content to compete with Netflix and Disney in the direct-to-consumer space via Discovery+ and HBO Max.
- Widealpha
Mar 11, 2022 · Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced that the Company's stockholders have approved various matters relating to the acquisition of WarnerMedia from ATT to create Warner Bros. Discovery, Inc., a premier, global entertainment company.
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.
Apr 8, 2022 · The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol “WBD.”
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...
