Jack L. Warner to merge with United Artists Television) for the modest sum of $21 million. "This is our heritage, what we worked all our lives to create, and now it is gone," Harry exclaimed, upon hearing of the deal. The breach between Jack and Harry widened later that year. In July 1956, Jack, Harry, and Albert announced that they were putting Warner Bros. on the market. Jack, however, secretly organized a syndicate that purchased control of the company. By the time Harry and Albert learned of their brother's dealings, it was too late. Jack Warner, as the company's largest stockholder, appointed himself
Albert Warner Semenenko, Jack officially joined Semenenko's syndicate and bought back all his stock, which consisted of 200,000 shares. The deal officially completed in July. Now the company's largest stockholder, Jack appointed himself as the new company president. By the time Harry and Albert learned of their brother's subterfuge, it was too late. Albert read about Jack's dealings while spending time in New York City. He never spoke to Jack again, but he did later rejoin the company's board of directors to stop Jack "from stealing the stockholders blind". Albert Warner died of a stroke in 1967 in Miami Beach. A funeral