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.

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Tags: AT&T, warner bros discovery, WBD