Quote:
Originally Posted by cheekyangus
One of the Discovery execs getting a cushy job is to be expected in a deal, it still doesn't change that 71% of the venture will be owned by WB's parent company and Discovery 29%.
|
I think the terms of the merger are that AT&T's
shareholders get 71% of the venture and Discovery's
shareholders get 29%. Effectively a divestment by AT&T, creating a standalone company.