Warner/Discovery

[mwynn]

Originally Posted by Darkstream

So how does that all work when it comes to AT&T's 71%?

Are we back to the idea that even though AT&T the company is not necessarily the same thing as the AT&T shareholders, AT&T will still own 71% of Warner-Discovery, because the AT&T shareholders basically own the AT&T company?

It does sound like some sort of semantical loophole to get around something illegal.

I bet they create a holding company for this and leave the stocks as is. Which would be illegal if we did it.

[CyberpunkCentral]

Originally Posted by mwynn

All of the Fox with holdings were converted to Disney Stock. Fox no longer exists as a trading company.

Wasn't it reported that AT&T's shareholders moved over to Discovery as well? -_-

[mwynn]

Originally Posted by CyberpunkCentral

Wasn't it reported that AT7T's shareholders moved over to Discovery as well? -_-

That is illegal because this is not a sale. They would have to create a new shell company which is also illegal.

[mwynn]

Lets make it even easier. Oscrop went public and this happened.



The board had majority shares.

[CyberpunkCentral]

Originally Posted by mwynn

That is illegal because this is not a sale. They would have to create a new shell company which is also illegal.

Then how the hell did Disney and Fox do it?

[CyberpunkCentral]

Originally Posted by mwynn

Lets make it even easier. Oscrop went public and this happened.



The board had majority shares.

Fox is also public, BTW.

[mwynn]

Originally Posted by CyberpunkCentral

Then how the hell did Disney and Fox do it?

Because it was a sale. Disney brought Fox, dropped some weight and like magic it was done. All of this stuff is illegal according to Anti-trust laws. Well it was illegal in the 80's when certain people did not get kick backs.

Example a couple of companies wanted to build a Casino in Pittsburgh. They were told it would be agreed upon if the Penguins got kick backs to build a stadium. That is illegal, unless the City Governments says it is not.

[Jennifer Lawrence Fan]

Originally Posted by mwynn

Lets make it even easier. Oscrop went public and this happened.

[Show spoiler]

The board had majority shares.

Do you know how much he sacrificed?!

[CyberpunkCentral]

Originally Posted by mwynn

Because it was a sale. Disney brought Fox, dropped some weight and like magic it was done. All of this stuff is illegal according to Anti-trust laws. Well it was illegal in the 80's when certain people did not get kick backs.

Example a couple of companies wanted to build a Casino in Pittsburgh. They were told it would be agreed upon if the Penguins got kick backs to build a stadium. That is illegal, unless the City Governments says it is not.

Didn't I say this kinda monopoly was illegal earlier? Okay, then what is Discovery spending money on then? Because everyone is saying it's a merger, but you are giving me something different.

[mwynn]

Originally Posted by CyberpunkCentral

Didn't I say this kinda monopoly was illegal earlier? Okay, then what is Discovery spending money on then? Because everyone is saying it's a merger, but you are giving me something different.

It is a merger on paper.

It is like if we are playing Monopoly and you and I team up to wipe out the other players. Then I take 71% of the earnings at the end of the game.

It is a shady back alley business deal.

[CyberpunkCentral]

Law & Order Sound Effect (HQ) [+Download Link] - YouTube

[Lee A Stewart]

Originally Posted by CyberpunkCentral

Wrong. That's completely wrong. I've been involved in stock, so you can't tell me. That's like saying I own a company.

If you own stock, then you own a piece of the company. The more stock you own, the more of the company you own. If you own 100% of the outstanding stock, you own 100% of the company. If you own 51% then you own the majority share of the company. Anything less is the minority share.

It's clear you do not know about public company stockholder ownership.

[mwynn]

Originally Posted by Lee A Stewart

If you own stock, then you own a piece of the company. The more stock you own, the more of the company you own. If you own 100% of the outstanding stock, you own 100% of the company. If you own 51% then you own the majority share of the company. Anything less is the minority share.

It's clear you do not know about public company stockholder ownership.

Which is why a private company will sometimes hesitate on going public. Because this could happen.

[Lee A Stewart]

There are three companies here:

WarnerMedia
Discovery
WarnerMedia/Discovery

Each is a separate company with a CEO at the top. Each are public companies owned by stockholders.

WarnerMedia/Discovery will be owned by AT&T who will have a 71% stake and Discovery who will hold a 29% stake. The current CEO of Discovery will vacate that position and become the CEO of WarnerMedia/Discovery.

WarnerMedia's executives will probably be replaced. This includes Jason Kilar and Ann Sarnoff.

Though AT&T owns 71% of the new company they will no longer be involved in making any decisions. They, through their stockholders are simply a part owner.

n'est pas?

[CyberpunkCentral]

Originally Posted by Lee A Stewart

If you own stock, then you own a piece of the company. The more stock you own, the more of the company you own. If you own 100% of the outstanding stock, you own 100% of the company. If you own 51% then you own the majority share of the company. Anything less is the minority share.

It's clear you do not know about public company stockholder ownership.

AT&T has multiple shareholders. You're talking as if it's just one.

[oneway23]

Can Universal buy this dumpster fire in five years or not?

[mwynn]

Originally Posted by CyberpunkCentral

AT&T has multiple shareholders. You're talking as if it's just one.

Top 10 Owners of AT&T Inc
Stockholder Stake Shares owned
The Vanguard Group, Inc. 7.43% 530,745,936
BlackRock Fund Advisors 4.80% 342,801,186
SSgA Funds Management, Inc. 4.03% 287,817,755
Newport Trust Co. 2.73% 194,670,516

[mwynn]

Originally Posted by oneway23

Can Universal buy this dumpster fire in five years or not?

I doubt it would be pass, they could try a hostile takeover by buying all the stock. Which again could be stopped.

[CyberpunkCentral]

Originally Posted by mwynn

Top 10 Owners of AT&T Inc
Stockholder Stake Shares owned
The Vanguard Group, Inc. 7.43% 530,745,936
BlackRock Fund Advisors 4.80% 342,801,186
SSgA Funds Management, Inc. 4.03% 287,817,755
Newport Trust Co. 2.73% 194,670,516

Is Vanguard their number one? See, you're proving my point. Lee is bringing up numbers like 51%, yet no shareholder alone at AT&T has that much. So who really owns WarnerMedia?

[Lee A Stewart]

Originally Posted by CyberpunkCentral

AT&T has multiple shareholders. You're talking as if it's just one.

AT&T has 7.14B shares outstanding as of 4/30/21.