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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (78663)12/5/2025 10:50:18 AM
From: E_K_S   of 78748
 
RE: WBD; Still hold my shares from the T spin off 4/2022

The spin-off that created Warner Bros. Discovery (WBD) occurred on April 8, 2022, when AT&T spun off its WarnerMedia business and merged it with Discovery, Inc.

Here are the key details:

  • Date: The merger was officially completed on April 8, 2022. The stock began normal trading on the NASDAQ under the ticker symbol WBD on April 11, 2022.

  • Initial Price Reference: For the purpose of cost basis allocation for AT&T shareholders, the average of the opening and closing prices for WBD on April 11, 2022, was $24.43 per share.

  • Transaction: AT&T shareholders received 0.241917 shares of WBD for each share of AT&T (T) common stock they owned. The transaction was structured to be a non-taxable event for AT&T shareholders.

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Been underwater but now could get cash & NFLX stock is the buy out deal goes thru.
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