![]() ![]() ![]() Discovery the best place for impactful storytelling.” The third-best streaming service company in the world I can’t wait for both teams to come together to make Warner Bros. “We are confident that we can bring more choice to consumers around the globe while fostering creativity and creating value for shareholders. ![]() Discovery offers the most differentiated and complete portfolio of content across film, television, and streaming,” the CEO added. “With our collective assets and diversified business model, Warner Bros. Discovery but for our shareholders, our distributors, our advertisers, our creative partners, and, most importantly, consumers globally.” AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close.ĬEO David Zaslav said that the announcement of the mega-merger “marks an exciting milestone not just for Warner Bros. Today, on Monday, April 11, the company will begin trading on the Nasdaq under the new ticker symbol “WBD.” AT&T shareholders received 0.241917 shares of WBD for each share of AT&T held, subsequently receiving 1.7 billion shares of WBD, which represents 71% of the total. Under terms of the agreement, AT&T received $40.4 billion in cash and WarnerMedia’s retention of certain debt at close. announced that they officially closed their deal with WarnerMedia. ![]()
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