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AT&T’s Megaspinoff of WarnerMedia Nears the Finish Line

Telecom giant AT&T (NYSE: T) spent years, and tens of billions of dollars, attempting to turn itself into a media conglomerate. It acquired DirecTV to bolster its video business, and after nearly two years of legal wrangling, it successfully acquired Time Warner in an $85 billion deal that closed in June 2018. Time Warner, now known as WarnerMedia, brought with it valuable properties including Warner Bros, HBO, and Turner.

AbbVie, Exelon, and More Stocks for the Recession That May–or May Not–Be Coming

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