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New York Boutiques Take Center Stage on AT&T-Discovery Megadeal

May 18, 2021, 4:12 PM

Three New York boutique advisory firms -- Allen & Co., LionTree LLC and Perella Weinberg Partners -- are among those in line for chunky fees after joining Wall Street’s big guns on the year’s largest deal.

AT&T Inc. said Monday it will merge its WarnerMedia business with Discovery Inc. The deal, first reported by Bloomberg News, values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.

LionTree and Goldman Sachs Group Inc. advised AT&T, while Allen & Co. and JPMorgan Chase & Co. worked with Discovery. There was ...

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