CFRA Maintains Hold Rating On AT&T, Discovery Amid Deal News

CFRA's Tuna Amobi discusses the WarnerMedia merger with Discovery. He says the deal is only mildly surprising with both parties now scaling up their nascent streaming offerings. The goal of the merger will be to compete with Netflix, Amazon, Disney, and other streaming giants. He also breaks down what this new company, comprised of AT&T and Discovery would look like.

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17 May 2021

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CFRA Maintains Hold Rating On AT&T, Discovery Amid Deal News

CFRA's Tuna Amobi discusses the WarnerMedia merger with Discovery. He says the deal is only mildly surprising with both parties now scaling up their nascent streaming offerings. The goal of the merger will be to compete with Netflix, Amazon, Disney, and other streaming giants. He also breaks down what this new company, comprised of AT&T and Discovery would look like.

Market On Close

17 May 2021