Discovery Inc. Investors Secure $125M Settlement Over $43B AT&T Merger Claims

Jul 6, 2024, 02:59 AM

Discovery Inc. investors have reached a $125 million settlement over claims related to the company's $43 billion merger with AT&T Inc.'s WarnerMedia unit. The lawsuit alleged that the merger shortchanged investors and provided improper benefits worth over $1 billion to company insiders. The settlement addresses these allegations and compensates the affected shareholders. The details were reported by Jef Feeley from Bloomberg.