![]() That has major implications for AT&T, which owns 71% of WarnerMedia even if the deal goes through and 100% of the division if the deal gets blocked by the DOJ. ![]() ![]() I’m starting to wonder if fuboTV isn’t, probably inadvertently, sending up a giant warning flare that WarnerMedia might not be worth as much as everyone thinks. As probably every investor and their great-great-grandmother has heard by now, AT&T ( NYSE: T ) is unwinding the last of its (recent) big merger bets and selling WarnerMedia, the old TimeWarner, to Discovery ( DISCA ) ( DISCK ) ( DISCB ) for about $20 billion or so less than they bought it for, depending on how exactly you do the math. I haven’t written on fuboTV ( NYSE: FUBO) since the early part of last year, but as I’ve been on a bit of a media industry writing binge lately, I wanted to put to (digital) paper something I’ve been thinking about more and more the last few months. Edlane De Mattos/iStock Editorial via Getty Images
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