Shareholders in Discovery Inc have approved the $43 billion acquisition of WarnerMedia from AT&T, the company has announced.
At a special meeting in New York, Discovery Stockholders voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal.
The votes were among the last moves in the creation of Warner Bros. Discovery, Inc before the deal closes in the second quarter of 2022.
The Boards of Directors of both AT&T and Discovery have already approved the transaction.
The new company will have a library of nearly 200,000 hours of programming and bring together over 100 brands including HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, the Turner Networks, TNT, TBS, Eurosport, Magnolia, TLC, Animal Planet and ID.