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Discovery shareholders approve WarnerMedia acquisition

Shareholders approved various measures, such as charter amendments and a share issuance proposal, related to the transaction. 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. 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.

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