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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.
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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 · 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....
Apr 11, 2022 · With the megamerger of Discovery and AT&T’s WarnerMedia closing late on Friday, creating new media and entertainment giant Warner Bros. Discovery, Wall Street is turning its attention to the...
Apr 8, 2022 · Discovery completed its acquisition of WarnerMedia from AT&T on Friday. The close of the transaction births new company Warner Bros. Discovery, which will begin trading on the Nasdaq Monday under...
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.
Mar 11, 2022 · The merger deal will see AT&T spin off WarnerMedia, to be merged with Discovery. AT&T shareholders are set to receive an estimated 0.24 share in the new company for each AT&T share held.
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.”
