For more business and finance explainers, check out our Yahoo U page.
AT&T’s blockbuster deal to merge its content subsidiary WarnerMedia to Discovery Inc. made waves in the media industry. But the deal required a bit of financial acrobatics to pull off, involving a merger strategy known as a Reverse Morris Trust.
In a standard merger, a large company buys a small company.
But the Reverse Morris Trust deal allows Discovery (the smaller company) to absorb a major asset from AT&T (the larger…
Source link
