Todd Spangler NY Digital EditorDiscovery investors will be asked to approve the $43 billion deal to combine with WarnerMedia, which AT&T is spinning off, at a March 11 virtual meeting.Discovery announced the date in a letter to shareholders, which it disclosed in an SEC filing Thursday.
On that same day, AT&T has scheduled a virtual investor conference where the company said it will provide “additional insight and expectations for financial and operational performance of AT&T’s Communications segment” following the close of the WarnerMedia transaction.The pact cleared a major hurdle this week after U.S.
regulators gave it the green light. According to industry sources, AT&T and Discovery expect the WarnerMedia spin and merger with Discovery — to form Warner Bros.
Discovery — to close as soon as early April. The special meeting of Discovery stockholders is scheduled for March 11, 2022, as an online via live audio webcast at this link. “For the health and well-being of our stockholders, employees and directors, we have determined that the Discovery special meeting will be held in a virtual meeting format only, with no physical in-person meeting,” the media company said in the letter.Discovery chief David Zaslav will become president and CEO of WBD upon deal close.
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