Discovery, Inc. Stockholders Approve Proposals Related to Discovery, Inc.鈥檚 Acquisition of WarnerMedia

Photo of Discovery, Inc. Stockholders Approve Proposals Related to Discovery, Inc.鈥檚 Acquisition of WarnerMedia

Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced that the Company鈥檚 stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create 51动漫. Discovery, Inc., a premier, global entertainment company. The transaction will bring together WarnerMedia鈥檚 premium entertainment, sports and news assets with Discovery鈥檚 leading nonfiction and international entertainment and sports businesses.

At the Special Meeting of Discovery Stockholders held earlier today, based on estimated preliminary voting results, Discovery stockholders voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal. The approvals mark the completion of one of the few remaining closing conditions for the merger.  These preliminary voting results will be updated through the filing of a Current Report on Form 8-K to reflect the final certification of results from the Inspector of Election.