Discovery shareholders have voted to approve the company’s $43 billion acquisition of WarnerMedia from AT&T.

The vote means that the deal is likely to close in the middle of next month.


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The transaction had previously cleared regulatory reviews by the US Department of Justice and the European Commission. Earlier this week, AT&T and Discovery secured funding for the deal through a $30 billion bond offering.

Discovery CEO David Zaslav is set to run the combined entity as President and CEO of Warner Bros. Discovery. WarnerMedia CEO Jason Kilar is expected to exit.


David Zaslav, Discovery

Separately, Discovery this week confirmed that it plans to combine its streaming service Discovery+ and WarnerMedia’s HBO Max into one service, rather than offer the two platforms as a bundle.

WarnerMedia and Discovery first revealed the merger in May 2021.

WarnerMedia owns HBO, HBO Max, CNN, Warner Bros., DC Films, New Line Cinema, TBS, TNT, TruTV, Cartoon Network/Adult Swim, Turner Sports and Rooster Teeth, among other brands, and is part owner of the CW Network along with Paramount.

Discovery is the parent of Discovery Plus, Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, Science Channel and OWN (Oprah Winfrey Network).