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AT&T nearing $150bn Discovery streaming merger: Reports – bbc.co.uk

A deal could see Harry Potter-maker Warner Bros. and Discovery’s lifestyle channels under the same owner.

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US telecoms giant AT&T is reportedly close to striking a deal with Discovery that would create a $150bn (£106bn) streaming giant.
A tie-up would bring one of Hollywood’s biggest studios and Discovery’s channels under the same ownership.
AT&T owns CNN, HBO and Warner Bros, after acquiring many brands in a $108.7bn purchase of Time Warner in 2018.
The deal would mark the entry of another player into a crowded market.
“This is a streaming arms race and AT&T is making an…

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