Discovery’s merger with WarnerMedia clears antitrust scrutiny.
Discovery and AT&T cleared a significant regulatory hurdle on Wednesday that put the two companies on a glide path to close a deal to combine Discovery and WarnerMedia in the next two or three months.
The merger “satisfied the closing condition” as part of an antitrust review by the Department of Justice, Discovery said in a regulatory filing with the Securities and Exchange Commission.
When closed, the deal will create one of the biggest media companies in the country, combining the assets of HBO, Warner Bros. television and film studios, and the sports-heavy TNT and TBS networks with Discovery’s enormous library of nonfiction programming, which includes Oprah Winfrey’s OWN, HGTV, the Food Network and Animal Planet. The NY Times
You must be logged in to post a comment Login