US DOJ greenlights Discovery, WarnerMedia deal
February 10, 2022
Discovery’s proposed acquisition of TV and film studio WarnerMedia has passed the US Department of Justice’s antitrust review, clearing another hurdle toward closing.
The $43 billion (€37.59bn) deal, which was first announced in May 2021, received unconditional antitrust clearance from the European Commission in December.
WarnerMedia parent AT&T Corp has also received a letter from the Internal Revenue Service approving the merger’s tax-free status, another key requirement for the deal.
The acquisition now awaits approval by Discovery’s shareholders. It already has the support of investors John Malone and the Newhouse family.