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The WarnerMedia-Discovery deal was structured to make a future sale easier – CNBC

John Malone was willing to give up super-voting shares in Discovery to make a future sale easier, according to a person with knowledge of the deal.

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Longtime employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor.
“You just have to laugh,” said one veteran employee.
Given that context, it may not be surprising that WarnerDiscovery — the leading candidate for a name, according to a person familiar with the matter — is structuring itself for a future sale.
The key indicator that future chief executive David…

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