Warner Bros Discovery (WBD) has settled a claim from some shareholders relating to the 2022 merger of AT&T’s Warner Bros and Discovery. They had claimed the $43 billion deal was too preferential to bigger sharedholders.

Now, through mediation, the two sides have agreed to a $125 million settlement that will bring the lawsuit to an end, according to court filings reported in Deadline.

Under the deal, AT&T holds a 71 per cent ownership of WBD, and the old Discovery company owns the remaining 29 per cent but with the leadership team from Discovery running the newly formed WBD company.

Other posts by :

1. Roskosmos: Heads roll, launch project scrapped
2. MDA under pressure over satellite order
3. SES backs C-band action from FCC
4. Congested orbits mean high risks of debris
5. SpaceX bids fairwell to booster 1076
6. Bank: LBG Media results “in line”
7. WBD: Surprise, surprise… not
8. SpaceX to lose Moon Lander contract?
9. Arianespace 64 delayed – again

Categories: Articles, Business, M&A

Tags: AT&T, warner bros discovery, WBD