AT&T Anticipates Pending Warnermedia-Discovery Deal to Close by Mid-2022

AT&T Anticipates Pending Warnermedia-Discovery Deal to Close by Mid-2022
The AT&T logo is seen on a smartphone in front of displayed Discovery and Warner Media logos in this illustration taken on May 17, 2021. Dado Ruvic/Reuters
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Telecoms company AT&T said it anticipates that the pending deal to combine WarnerMedia’s media assets with Discovery Inc. will close by the middle of 2022.

AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services.