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.

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Categories: Articles, Business, M&A

Tags: AT&T, discovery, DoJ, usa, WarnerMedia