Warner Media: Discovery Shareholders Win $125M Settlement Of Lawsuit Alleging AT&T Merger "Wasn't Entirely Fair" To Most Investors

Warner Bros. Discovery, which was formed in 2022 from the merger of AT&T's WarnerMedia and Discovery Communications, has agreed to pay $125 million to settle a shareholder lawsuit over the deal. A handful of pension funds filed suit in Delaware Chancery Court after the $43 billion merger closed, alleging that the transaction unfairly benefited top-tier [...]