Discovery Shareholders Approve WarnerMedia Merger

Discovery just announced that its stockholders have approved its merger with AT&T’s WarnerMedia to create Warner Bros. Discovery, “a premier, global entertainment company” — mark the completion of one of the few remaining closing conditions for the merger.

The transaction will bring together WarnerMedia’s entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses.

Discovery stockholders also voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal.

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. The Boards of Directors of both AT&T and Discovery have approved the transaction.


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