Big Law
Discovery Shareholders Approve the $43 Billion WarnerMedia Acquisition
Discovery shareholders have given the greenlight to its $43bn acquisition of WarnerMedia from AT&T, with the deal on track to close in the middle of next month.
The US Department of Justice and directors of both firms have already given their nod to the takeover, while the European Commission and the Internal Revenue Service (IRS) have also already OK’d the acquisition.
Discovery CEO David Zaslav is set to move to LA to run the giant entity while WarnerMedia CEO Jason Kilar is likely to exit. One of the few other appointments confirmed is that of Chris Licht, who was named to run CNN after Jeff Zucker departed.
