Here&#x27;s Why Discovery Shares Are Trading Higher Today

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Discovery Inc (NASDAQ:DISCA) (NASDAQ:DISCK) confirmed discussions with BT Group to create a new sports venture in the U.K. by combining its Eurosport business in the U.K. and Ireland with BT Sport.
The companies aim for the 50:50 Joint Venture to be operational in 2022, pending a definitive agreement and regulatory approval.
The proposed U.K. venture would bring together BT Sport and Eurosport U.K., which have extensive portfolios of premium sports rights.
Discovery forayed into the global sports media business in 2014 with its acquisition of Eurosport.
Price Action: DISCA shares traded higher by 4.21% at $28.86 on the last check Thursday.

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Recent Analyst Ratings for
$DISCA
$DISCK

Company	Date	Price Target	Rating	Analyst
Discovery Inc. $DISCA	1/7/2022	$34.00 → $45.00	Neutral → Buy	B of A Securities
Discovery Inc. $DISCA	11/8/2021	$33.00 → $40.00	Neutral → Outperform	Macquarie
Discovery Inc. $DISCA	11/8/2021		Neutral → Outperform	Macquarie
Discovery Inc. $DISCA	11/1/2021	$28.00 → $26.00	Underperform → Market Perform	Bernstein
Discovery Inc. $DISCA	11/1/2021		Underperform → Mkt Perform	Bernstein
Discovery Inc. $DISCA	10/18/2021	$35.00 → $30.00	Equal-Weight	Barclays
Discovery Inc. $DISCA	9/9/2021	$30.00	Neutral	Arete Research

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Discovery and AT&T Close WarnerMedia Transaction

Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080

4/8/22 6:02:00 PM ET

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S&P Dow Jones Indices Announces Treatment of AT&T Transaction with Discovery

NEW YORK, April 7, 2022 /PRNewswire/ -- S&P 500 & 100 constituent AT&T Inc. (NYSE:T) will spin off its interest in WarnerMedia, and immediately following the spin-off, WarnerMedia will merge with S&P 500 constituent Discovery Inc. (NASD:DISCK,DISCA,DISCB). At the time of the transaction, all classes of shares of Discovery common stock will be converted and reclassified into a single share class line of newly named Warner Bros. Discovery Inc.(NASD:WBD), and it will remain in the S&P 500. AT&T will also remain in the S&P 500 and 100 indices after completion of the transaction. For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S&P Dow Jones

4/7/22 6:02:00 PM ET

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AT&T Announces Details for Completion of Spin-Off Ahead of Close of WarnerMedia Transaction

AT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f

3/25/22 4:42:00 PM ET

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Discovery and AT&T Close WarnerMedia Transaction

4/8/22 6:02:00 PM ET

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AT&T Announces Details for Completion of Spin-Off Ahead of Close of WarnerMedia Transaction

3/25/22 4:42:00 PM ET

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DISCOVERY, INC. REPORTS FOURTH-QUARTER AND FULL YEAR 2021 RESULTS

NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter and year ended December 31, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, a tailwind for our strong distribution revenue growth of 11%, while global advertising revenues grew 10% due to continued strength in our key markets and share gains. Additionally, we ended the year with nearly $4 billion of

2/24/22 7:00:00 AM ET