(Bloomberg) — 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 $85 billion 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…
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