AT&T preparing to merge its media assets with Discovery ...Qatar

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AT&T preparing to merge its media assets with Discovery
AT&T Inc is in talks to combine its media business with Discovery Inc in a deal that would create a new entertainment powerhouse, according to people with knowledge of the matter, a surprising move for a company that spent $85bn to acquire the assets less than three years ago. A deal could be announced as soon as this week, said the people, who asked not to be identified because the information is private. The idea is to combine Discovery’s reality-TV empire with AT&T’s vast media holdings, building a business that would be a formidable competitor to Netflix Inc and Walt Disney Co. Any deal would mark a major shift in AT&T’s strategy after years of working to assemble telecommunications and

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