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Warner Bros. Discovery: News & Updates

Saichaitanya4496

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Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced that the Company’s stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery, Inc., a premier, global entertainment company. The transaction will bring together WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses.

At the Special Meeting of Discovery Stockholders held earlier today, based on estimated preliminary voting results, Discovery stockholders voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal. The approvals mark the completion of one of the few remaining closing conditions for the merger. These preliminary voting results will be updated through the filing of a Current Report on Form 8-K to reflect the final certification of results from the Inspector of Election.

The acquisition is expected to close early in the second quarter of 2022, subject to other customary closing conditions. The Boards of Directors of both AT&T and Discovery have approved the transaction.

Source: Discovery+
 

Shubham

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Today Discovery, Inc. and AT&T Inc. 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.”

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Mystique

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Warner Bros Discovery`s portfolio includes Discovery Channel, Warner Bros. Entertainment, CNN, HBO, Cartoon Network among others.
AT&T Inc`s WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday.

The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol "WBD".

In May last year, the companies set out to merge and become a standalone media business, with AT&T aiming to focus more on its wireless ambitions and Discovery looking to beef up its content library.

 

Ranjith.m

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Then When HBOMax India launch?

 

MFan9724

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The newly formed Warner Bros. Discovery has announced its international leadership team under head Gerhard Zeiler. Earlier, he held the position of International President for WarnerMedia and currently he will oversee Discovery globally. Zeiler announced his regional team on Thursday


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