Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work - MarketWatch

Telecoms giant is spinning off media business in combination with Discovery, investors will receive one share in new WarnerBros. Discovery joint venture for roughly every four AT&T shares they own

AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they … [+2671 chars]

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