AT&T’s ill-fated media play cost it both time and money
In the deal with Discovery, AT&T will get stock in the new company. Based on Discovery’s stock price on May 14, the day before the transaction was disclosed, AT&T’s share would be worth $59 billion. AT&T also will get $43 billion in cash, securities and WarnerMedia’s agreement to retain $1.5 billion of its debt.
Source: WP