WarnerMedia and Discovery get US government approval to create their new media giant
Discovery and WarnerMedia are one step closer to merging | Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images The merger of Discovery and WarnerMedia got one step closer to fruition on Wednesday, with the deal clearing an antitrust review from US government agencies, according to a filing with the Securities and Exchange Commission (SEC). Once finalized, the merged company will be one of the biggest media conglomerates in the US, blending Warner Bros.' TV and movie assets with Discovery's huge catalog of television programming.
According to the SEC filing:
As of February 9, 2022, Discovery, Inc. (Discovery") and AT&T Inc. (AT&T") have satisfied the closing condition in Section 9.1(d)(i) of the Agreement and Plan of Merger (the Merger Agreement"), dated as of May 17, 2021, by and among Discovery, AT&T, Drake Subsidiary, Inc. and Magallanes,...