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Comcast aims to merge its NBCUniversal division with Warner Bros. Discovery (WBD) to create a media giant, according to the latest bid submitted on Monday. The new entity would include the NBC TV network, the company’s film and TV studios, its theme parks, along with Warner Bros. studios and the HBO Max streaming service —potentially strengthening Comcast’s Peacock platform. As part of the latest bid, WBD shareholders would receive a combination of cash and stock in the combined entity. WBD CEO David Zaslav would also receive a management role in the new company, as per Bloomberg sources. This comes just a day after we reported on Netflix and Paramount’s latest bids for WBD. Comcast will continue to spin-off its cable channels like MSNBC and CNBC into a new company called Versant early next year, as per Bloomberg. WBD will also still carve-out its cable networks (like CNN and TNT) into a separate business called Discovery Global.
Comcast’s 5.1% 2029s are currently trading at 103.20 yielding 4.09%.
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