Tag Archives: discovery

Newly-formed streaming giant Warner Bros. Discovery (WBD) officially began trading on the Nasdaq (^IXIC) on Monday, opening at $24.08 a share in its first day as a publicly-traded entity. Ahead of the company’s Wall Street debut, Evercore ISI Group upgraded the stock from In-line to Outperform, announcing a $40 price target. The $43 billion merger, which closed on Friday, solidifies Discovery CEO David Zaslav’s position as the company’s new chief. WarnerMedia CEO Jason Kilar departed upon the… Source link

All eyes are on AT&T’s (T) WarnerMedia spinoff with Discovery (DISCA). “This is going to be the most exciting story in the sector for the next few years,” Jessica Reif, research analyst at Bank of America, confidently told Yahoo Finance. The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both. AT&T’s WarnerMedia will represent 71% of Warner Bros. Discover, and its… Source link

Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are two of the stocks swept into the market sell-off on Friday over concerns of a COVID variant first detected in southern Africa. Expedia, the fifth-worst performer in the S&P 500, dropped as much as 11% during the shortened trading day on Friday. Shares closed 9% lower at $159.80 each. Airbnb’s stock closed the session down more than 3% at $173.86. Travel reservation platform Booking Holdings (BKNG) also declined more than 7%… Source link

Google’s parent company, Alphabet, is launching an operation dedicated to drug discovery. The new company, called Isomorphic Labs, will build on recent research from DeepMind, a London-based artificial intelligence lab also owned and operated by Alphabet. Demis Hassabis, the co-founder and chief executive of DeepMind, will also serve as chief executive of Isomorphic Labs as it maps out its technical strategy and hires its first employees. Isomorphic and DeepMind announced the creation of the… Source link

The Android app for Google TV is getting new discovery features and support for a handful of entertainment, news, and live TV apps not previously available, including YouTube TV and FuboTV. Google TV’s Android app will borrow some of the discovery tools from Google TV on the Chromecast, including more rows of personalized recommendations as well as the “watched” tool already available on the TV experience. To help improve recommendations, users can now head to the details page of a… Source link

Bloomberg CNN Dodges Risk of MSNBC Tie-Up as AT&T Opts for Discovery (Bloomberg) — For months, Wall Street has called on AT&T Inc. to shed its media assets, including CNN, arguing that investors prefer companies with a singular focus.On Monday, AT&T finally relented, announcing that CNN and its corporate siblings will be joining forces with Discovery Inc., home of networks like HGTV, Food Network and TLC.For CNN, the deal could provide a number of strategic advantages — and avoids the… Source link

Wall Street is slicing and dicing the investment thesis on AT&T following its blockbuster sale of WarnerMedia to Discovery on Monday, and is coming to the conclusion there is really no reason to be optimistic on the stock in the medium-term.  Shares of the soon-to-be telco plunged as much as 7% in Tuesday trading as investors questioned the long-term outlook for the company.  “For AT&T investors, while we view this transaction, and the February announcement that it would sell DirecTV, as… Source link

Bloomberg AT&T Merges Media Assets With Discovery in $130 Billion Deal (Bloomberg) — AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.AT&T will receive $43 billion in cash, debt securities and… Source link

The Conversation Ultra-Orthodox Jewish women are bucking the patriarchal, authoritarian stereotype of their community Ultra-Orthodox women have become the primary breadwinners in their families. Menahem Kahana/AFP via Getty ImagesUltra-Orthodox Jews have been in the news a lot lately, partly due to their reactions to the COVID-19 pandemic. With a few exceptions, the stories present ultra-Orthodox Jews as a patriarchal community that is authoritarian and resistant to public health measures,… Source link

Axios AT&T spins off WarnerMedia, forming new media behemoth with Discovery AT&T and Discovery have agreed to create a joint venture that would house WarnerMedia’s premium entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses, the companies announced Monday.Why it matters: It’s a major course correction by AT&T. The deal essentially confirms shareholder fears that the company’s $85 billion merger with Time Warner three years… Source link