Sorry to be pedantic, but that’s not quite correct:
> … The deal would create a new business, separate from AT&T… AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%… AT&T said Discovery President and CEO David Zaslav will lead the new company, which will have a new name announced in coming days.
> … The deal would create a new business, separate from AT&T… AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%… AT&T said Discovery President and CEO David Zaslav will lead the new company, which will have a new name announced in coming days.
https://www.cnbc.com/2021/05/17/att-to-combine-warnermedia-a...