This company operates a set of famous TV channels, including the Discovery Channel and Eurosport.
Update, 13th April 2021
Warner Bros has completed its $43bn merger with Discover, creating the new media giant Warner Bros Discovery. The new entity has HBO, CNN and Discovery under its wings, including shows like Harry Potter and Game of Thrones.
DISCK will change to WBD.
its the AT&T (NYSE:T) that are getting bounced about and current owners of AT&T will get 0.24 of WBD stock per 1 T.
Longer term : realignment of the two’ services… cross promotion. streaming libraries being restricted to their own to bolster themselves for the forthcoming ‘streaming wars’ (which was similar the food war which resulted in Taco Bell (or Pizza hut in Europe) being the only remaining restaurant).