At a special meeting of Discovery stockholders, based on estimated preliminary voting results, Discovery stockholders voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal. The approvals mark the completion of one of the few remaining closing conditions for the merger.
The acquisition is expected to close early in the second quarter of 2022, subject to other customary closing conditions. The boards of directors of both AT&T and Discovery have approved the transaction.
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