A mammoth SEC filing by Discovery today offers some tidbits on its upcoming merger with WarnerMedia – like the new Nasdaq stock symbol, WBD – and pages detailing back-and- forth calls between David Zaslav and AT&T CEO John Stankey starting in February when the Discovery boss first reached out.They spoke, they met in early March, hired investment banks and signed an NDA, haggled over terms and then shut down it all down in mid-April.
The disagreement was over 1) how shares of the new company would be split between AT&T vs Discovery shareholders, and 2) the amount of debt WarnerMedia would be saddled with when it was handed over.“Mr.
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