Daily Mail UK
Discovery shareholders voted Friday to approve the media company’s $43 billion merger with WarnerMedia, moving the deal one step closer to completion after the resolution of messy scandals at WarnerMedia subsidiary CNN.
The outcome was all but assured, as two of Discovery’s major investors, John C. Malone and Advance/Newhouse, agreed to vote their shares in favor of the merger. They together represent 43 percent of Discovery’s voting shares.
In May, AT&T announced it would spin-off WarnerMedia, whose assets include HBO, CNN and the Warner Bros. studio, and merge it with Discovery.