AT&T Faces Investor Suit Over $43B WarnerMedia Spinoff

By Katryna Perera (April 3, 2024, 8:34 PM EDT) -- A Warner Bros. Discovery shareholder accused AT&T and its CEO John Stankey of hiding how serious the company's problems were as it spun off its $43 billion WarnerMedia unit, alleging that caused Discovery to pay far too much when it merged with its fellow news and entertainment giant. ...

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