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      • Shares of media conglomerate Discovery surged 17% on Friday, gaining momentum as investors eagerly anticipate a massive $43 billion merger with AT&T’s WarnerMedia, which cleared several regulatory hurdles and is expected to close in the next few months.
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  2. 1 day ago · Warner Bros. Discovery is down 36.8% since the beginning of the year, and at $7.38 per share it is trading 41% below its 52-week high of $12.49 from December 2023. Investors who bought $1,000 ...

  3. Apr 8, 2022 · Warner Bros. Discovery to Begin Trading on the Nasdaq as “WBD” on Monday, April 11. NEW YORK and DALLAS, April 8, 2022 — Today Discovery, Inc. and AT&T Inc. * (NYSE:T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery.

  4. WBD is the result of the acquisition of WarnerMedia by Discovery Networks on April 8, 2022. It also operates direct-to-consumer video streaming services Max and discovery+, among other...

  5. Apr 8, 2024 · Warner Bros. Discovery was officially created when Discovery and AT&T’s WarnerMedia closed their megamerger on April 8, 2022. Two years later, the entertainment giant, led by CEO David...

  6. 17 hours ago · Warner Bros. Discovery (WBD) shares soared 10% on Thursday, the top performance in the S&P 500, after the entertainment giant renewed its distribution deal with Charter Communications (CHTR), the ...

  7. May 17, 2021 · The transaction is expected to be tax-free to AT&T and AT&T's shareholders. In connection with the spin-off or split-off of WarnerMedia, AT&T will receive $43 billion (subject to adjustment) in a combination of cash, debt securities and WarnerMedia's retention of certain debt.

  8. Apr 8, 2022 · Per Warner Bros. Discovery’s Friday release announcing the closed transaction, “AT&T received $40.4 billion in cash and WarnerMedia’s retention of certain debt. Additionally, shareholders of AT&T...

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