FILE PHOTO: Logo Discovery, Inc. is seen on merchandise for sale in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. REUTERS / Andrew Kelly
December 22, 2021
(Reuters) – Discovery Inc said on Wednesday that the European Commission had granted unconditional antitrust approval to a proposal to buy WarnerMedia assets from AT&T Inc.
Regulatory approval takes the deal one step further to closing. Discovery said it expects to complete the WarnerMedia transaction in mid-2022, subject to other regulatory approvals.
AT&T announced in May that it would spin off its WarnerMedia division and merge with Discovery, effectively resolving its $85 billion acquisition of Time Warner that ended in 2018.
(Reporting by Dawn Chmielewski and Helen Coster; Editing by Mark Porter)
https://www.oann.com/european-commission-grants-approval-for-discovery-acquisition-of-warnermedia/?utm_source=rss&utm_medium=rss&utm_campaign=european-commission-grants-approval-for-discovery-acquisition-of-warnermedia European Commission Approves WarnerMedia’s acquisition of Discovery