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3 days ago · July 5, 2024 at 7:46 PM PDT. Listen. 2:15. Discovery Inc. investors who challenged the entertainment firm’s $43 billion merger with AT&T Inc. ’s WarnerMedia unit reached a $125 million ...
3 days ago · Discovery Holders Get $125 Million in Warner Bros Merger Accord. Discovery Inc. investors who challenged the entertainment firm’s $43 billion merger with AT&T Inc. ’s WarnerMedia unit reached a $125 million settlement over their claims that the deal shortchanged them and provided improper benefits for company insiders. The accord calls for ...
4 days ago · Warner Bros. Discovery, Inc. (formerly Discovery, Inc.) is a media and entertainment group organized around two areas of activity: - TV channel operation and broadcasting in the United States (62.8% of net sales): owned, at the end of 2021, 18 channels for the home, decoration, cooking, and lifestyle (Discovery Channel, HGTV, Food Network, TLC ...
2 days ago · A group of former Discovery Inc. investors is set to receive $125M after settling a lawsuit related to allegations that the entertainment firm’s 2022 merger with AT&T’s (NYSE:T) WarnerMedia ...
3 days ago · Warner Bros. Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across...
3 days ago · A $125 million settlement was reached in a lawsuit against Discovery Inc. by former investors who claimed improper payouts in the 2022 merger with AT&T's WarnerMedia unit. The settlement, pending court approval, comes from the Newhouse family and Miron family members involved in the deal, addressing charges of $1 billion in insider benefits.
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2 days ago · Warner Bros. Discovery, which was formed in 2022 from the merger of AT&T’s WarnerMedia and Discovery Communications, has agreed to pay $125 million to settle a shareholder lawsuit over the deal. A handful of pension funds filed suit in Delaware Chancery Court after the $43 billion merger closed, alleging that the transaction unfairly benefited top-tier …