AT&T CEO John Stankey Says WarnerMedia-Discovery Merge On Track – Deadline

AT&T CEO John Stankey said the company is working closely with regulators on the WarnerMedia-Discovery deal announced in late May and so far hasn’t seen anything “that’s been particularly problematic” in the review process.

“No news is good news,” he said on a conference call to discuss the telecom and broadband giant’s quarterly earnings. “We’re basically tracking through the process, as we would expect to do. Right now it’s a lot of wok with the regulatory agencies and [producing] documentation and information and all that is underway.”

He still expects approval will take a full year with a green light in 2022. “I don’t have any reason to suggest it is going to be any different than that,” he said in response to a question.

An earlier deal inked late last year for DirecTV, however, will close earlier than anticipated — over the next several weeks sometime in early August, he said, calling it a “pleasant surprise” how quickly it moved ahead.

He called WarnerMedia-Discovery proposition pretty “straightforward” “If we were to be surprised and it closes sooner we will take it and be prepared for it.”

The speed of another recent combination — Amazon’s proposed acquisition of MGM — has been called into question by news that the FTC is probing the deal.


! function(f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function() {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments)
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’, ‘’);
fbq(‘init’, ‘422369225140645’);
fbq(‘track’, ‘PageView’);

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Safaree Flexes On The ‘Gram In Jamaica – See His Fans’ Reactions

The Seinfeld Actor Everyone Forgot Appeared In Criminal Minds