Posted on 05/17/2021 6:52:50 AM PDT by Red Badger
AT&T says it will receive an $43 billion in a combination of cash and debt
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AT&T said Monday the U.S. telecommunication giant has reached a deal to combine its content unit, WarnerMedia, with Discovery, an agreement that would help the major Hollywood studios compete with such rivals as Netflix and Disney.
AT&T says it will receive an $43 billion in a combination of cash, debt and WarnerMedia’s retention of certain debt, according to CNBC.
The deal, if approved by regulators, effectively reverses AT&T’s years-long plan to combine content and distribution in a vertically integrated company.
The deal would create a new business, separate from AT&T, that could be valued at as much as $150 billion, including debt, according to The Financial Times.
I bought a bunch of AT&T just about a year ago at 29.40 solely for the 7% dividend. For reasons still unclear to me, they may be slicing the dividend payment in half with this deal. I’m not a happy camper especially since the stock ended up down for the day
Wow had no idea the dividend was that much, I would not put it past att to slice up the dividend
“at $30.00 a share Att might be a good buy now”
Unfortunately they just cut the dividend by half which makes it about 1% lower than what Verizon pays out, so I think AT&T will drop several more points. Could easily go to 25.
I just sold my T and rolled into VZ....better 5G and the board of T is woke and stupid. Very stupid.
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