WarnerMedia Spinoff Will Mark ‘Starting Line of a New Era’ for AT&T, CEO Says

Reuters

Discovery shareholders approve WarnerMedia acquisition

Shareholders approved various measures, such as charter amendments and a share issuance proposal, related to the transaction. The outcome was all but assured, as two of Discovery’s major investors, John C. Malone and Advance/Newhouse, agreed to vote their shares in favor of the merger. In May, AT&T announced it would spin-off WarnerMedia, whose assets include HBO, CNN and the Warner Bros studio, and merge it with Discovery.