NEW
YORK, April 7, 2022 /PRNewswire/ -- S&P 500
& 100 constituent AT&T Inc. (NYSE:T) will spin off its
interest in WarnerMedia, and immediately following the spin-off,
WarnerMedia will merge with S&P 500 constituent Discovery Inc.
(NASD:DISCK,DISCA,DISCB). At the time of the transaction, all
classes of shares of Discovery common stock will be converted and
reclassified into a single share class line of newly named Warner
Bros. Discovery Inc.(NASD:WBD), and it will remain in the S&P
500. AT&T will also remain in the S&P 500 and 100 indices
after completion of the transaction.
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