Discovery Inc. (DISCA) has inched a step closer to completing the acquisition of WarnerMedia from AT&T (T). The transaction will result in the creation of Warner Bros Discovery, Inc. Discovery’s shareholders have approved proposals related to the acquisition, which is expected to close in the second quarter of 2022. DISCA shares fell 4.35% to close at $23.99 on March 11. Discovery is a U.S. company that offers content across distribution platforms and digital distribution arrangements. Its Network segment owns and operates television networks. It also operates through the International Networks, Education and Other, and Corporate and Inter-segment Eliminations segments.
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