Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
David Zaslav Warner Bros CEO Trading AT&T David Zaslav Warner Bros

Warner Bros. Discovery Stock Flat on First Day of Trading – But AT&T Shares Jump 8%

Reading now: 384
thewrap.com

AT&T’s stock price on Monday jumped 8%, to $19.67, as a probable result of Friday’s closure of the deal. The Warner Bros.

Discovery share price dipped to $24.48 in after-hours trading, but the start and finish were close enough that the day could hardly be called a roller coaster.Monday was the first day of public trading for Warner Bros.

Discovery. According to the original merger announcement, AT&T receives $43 billion in a combination of cash, debt securities and WarnerMedia’s retention of certain debt.

AT&T shareholders receive stock representing 71% of the new company; they received 0.24 WBD shares for each share of AT&T stock that they hold, according to Barron’s.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA