{"id":114394,"date":"2021-05-17T13:01:58","date_gmt":"2021-05-17T13:01:58","guid":{"rendered":"https:\/\/fin2me.com\/?p=114394"},"modified":"2021-05-17T13:01:58","modified_gmt":"2021-05-17T13:01:58","slug":"att-unwinds-billions-worth-of-deal-making","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/att-unwinds-billions-worth-of-deal-making\/","title":{"rendered":"AT&amp;T Unwinds Billions\u2019 Worth of Deal-Making"},"content":{"rendered":"<p>Spinning out WarnerMedia and merging it with Discovery caps a reversal on years of big acquisitions.<\/p>\n<p><span>By <\/span><span>Andrew Ross Sorkin,\u00a0<\/span><span>Jason Karaian,\u00a0<\/span><span>Sarah Kessler,\u00a0<\/span><span>Michael J. de la Merced,\u00a0<\/span><span>Lauren Hirsch<\/span> and <span>Ephrat Livni<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static01.nyt.com\/images\/2021\/05\/17\/business\/17db-newsletter-zas\/merlin_158448294_2ca26d1f-c621-4b5e-9299-8e21cc0211d8-articleLarge.jpg\"><\/p>\n<h2>AT&amp;T is unwinding its biggest deal<\/h2>\n<p>AT&amp;T just announced that it will combine its WarnerMedia division \u2014 the home of HBO and CNN, built from its $85 billion takeover of Time Warner in 2016 \u2014 with Discovery, which runs channels like HGTV and the Food Network. The announcement is a stark sign that the aggressive dealmaking that transformed AT&amp;T into a debt-heavy conglomerate hasn\u2019t paid off.<\/p>\n<p>Source: <a href=\"https:\/\/www.nytimes.com\/2021\/05\/17\/business\/dealbook\/att-discovery-deal.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spinning out WarnerMedia and merging it with Discovery caps a reversal on years of big acquisitions. By Andrew Ross Sorkin,\u00a0Jason Karaian,\u00a0Sarah Kessler,\u00a0Michael J. de la [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":114393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AT&amp;T Unwinds Billions\u2019 Worth of Deal-Making - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/att-unwinds-billions-worth-of-deal-making\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AT&amp;T Unwinds Billions\u2019 Worth of Deal-Making - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Spinning out WarnerMedia and merging it with Discovery caps a reversal on years of big acquisitions. 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