HomeAT&T (T) To Spin Off Interest In WarnerMedia After Closing Discovery (DISCA) Transaction
AT&T (T) To Spin Off Interest In WarnerMedia After Closing Discovery (DISCA) Transaction

Discovery (DISCA) is today’s Under 30 stock. George Tsilis, Contributor at the TD Ameritrade Network, joins Alex Coffey and Jenny Horne to discuss DISCA as AT&T (T) is to spin off interest in WarnerMedia after closing DISCA transaction. They talk about how this T spin off deal is expected to close in 2Q22. They then go over how DISCA shareholders are to own 29% of Warner Bros. Discovery, and T shareholders are to own 71% of Warner Bros. Discovery. Warner Bros. Discovery will be listed on the NASDAQ under the ticker “WBD.” Tune in to find out more.

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