WARNER BROS. DISCOVERY, INC.

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European Commission grants approval for Discovery acquisition of WarnerMedia

12/22/2021 | 01:12pm EDT

Dec 22 (Reuters) - Discovery Inc said on Wednesday the European Commission has granted unconditional antitrust approval to its proposed acquisition of WarnerMedia assets from AT&T Inc.

The regulatory approval moves the deal one step closer to being finalized. Discovery has said it expects to complete its WarnerMedia transaction by mid-2022, subject to other regulatory approvals.

AT&T announced in May that it would spin off its WarnerMedia division and merge it with Discovery, effectively unwinding its $85 billion acquisition of Time Warner that closed in 2018. (Reporting by Dawn Chmielewski and Helen Coster; Editing by Mark Porter)


ę Reuters 2021
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Financials (USD)
Sales 2022 48 484 M - -
Net income 2022 -2 554 M - -
Net Debt 2022 45 706 M - -
P/E ratio 2022 -19,8x
Yield 2022 -
Capitalization 44 557 M 44 557 M -
EV / Sales 2022 1,86x
EV / Sales 2023 1,63x
Nbr of Employees 11 000
Free-Float 84,7%
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Warner Bros. Discovery, Inc. Technical Analysis Chart | DISCA | US25470F1049 | MarketScreener
Technical analysis trends WARNER BROS. DISCOVERY, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 18,36 $
Average target price 36,31 $
Spread / Average Target 97,8%
EPS Revisions
Managers and Directors
David M. Zaslav President & Chief Executive Officer
Gunnar Wiedenfels Chief Financial Officer
Samuel A. di Piazza Chairman
Robert R. Bennett Independent Director
Li Haslett Chen Independent Director
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