Bloomberg

AT&T is in talks to combine content assets with Discovery

AT&T Inc. is in talks to combine its media business with Discovery Inc. in a deal that would create a new entertainment giant, according to people with knowledge of the matter. Foto: Bloomberg photo

AT&T Inc. is in talks to combine its media business with Discovery Inc. in a deal that would create a new entertainment giant, 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...

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