AT&T secures ‘favourable’ IRS ruling as Discovery-WarnerMedia merger moves forward

US telco AT&T has secured a favourable ruling from the US Internal Revenue Service (IRS) for its plan for a tax-free merger of its WarnerMedia unit with Discovery. The pair had previously announced that the merger would take advantage of a merger provision in US law that would ensure its tax-free status. AT&T will achieve […]