- Karan Rastogi
The blockbuster merger of Warner Media and Discovery
Updated: Mar 8
In April 2022, two major media companies, Warner Media LLC and Discovery Inc. completed their merger and formed a new entity named Warner Bros. Discovery. The transaction was structured as a Reverse Morris Trust transaction and resulted in a company valued at $65.32B. The newly formed company boasts a strong library, high potential for synergies, and robust ad revenues. However, it also faces challenges such as high debt, intense competition, and strategic shifts that will shape its future.

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