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- Shareholders of AT&T (T), which spun off WarnerMedia earlier this week, hold 71% of shares in the new company, and Discovery shareholders hold 29%.
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May 17, 2021 · AT&T's WarnerMedia And Discovery, Inc. Creating Standalone Company By Combining Operations To Form New Global Leader In Entertainment. Companies with Shared Values, Complementary Assets, and Iconic Brands and Franchises, Will Offer the Most Differentiated Content Portfolio in the World.
AT&T shareholders received stock representing 71% of Warner Bros. Discovery, and Discovery shareholders own 29% of the new company.
Apr 8, 2022 · (New York, NY) — 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.
Feb 1, 2022 · AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for each AT&T share they own.
May 17, 2021 · AT&T owns CNN, HBO and Warner Bros, after acquiring many brands in a $108.7bn (£77.1bn) purchase of Time Warner in 2018. The deal also marks the entry of another player into a crowded market.
May 17, 2021 · AT&T shareholders will receive stock worth 71 percent of the new company, while Discovery’s shareholders will own the remaining 29 percent.
