Connect with us


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.



Article feature image

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…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Bitcoin just got its first makeover in four years, which will help it compete with Ethereum – CNBC
Article feature image
Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public – CNBC
Sold! Bidder pays $28m for spare seat on space flight with Jeff Bezos – The Guardian