{"id":125212,"date":"2022-02-09T22:27:10","date_gmt":"2022-02-09T22:27:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=125212"},"modified":"2022-02-09T22:27:10","modified_gmt":"2022-02-09T22:27:10","slug":"discovery-warnermedia-deal-clears-u-s-antitrust-review","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/discovery-warnermedia-deal-clears-u-s-antitrust-review\/","title":{"rendered":"Discovery-WarnerMedia deal clears U.S. antitrust review"},"content":{"rendered":"<figcaption>FILE PHOTO: The Discovery, Inc. logo is seen on a display in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. REUTERS\/Andrew Kelly<\/figcaption><p>(Reuters) &#8211; Media company Discovery Inc\u2019s plan to acquire venerable film and TV studio WarnerMedia has passed the U.S. Department of Justice\u2019s antitrust review, clearing another hurdle toward closing, according to a regulatory filing on Wednesday.<\/p>\n<p>The $43 billion deal, which was announced last May, received unconditional antitrust clearance from the European Commission in December. WarnerMedia parent AT&amp;T Corp has also received a letter from the Internal Revenue Service approving the merger\u2019s tax-free status, another key requirement for the closing.<\/p>\n<p>The deal now awaits approval by Discovery\u2019s shareholders. It already has the support of investors John Malone and the Newhouse family.<\/p>\n<p>AT&amp;T announced on Feb. 1 that it would spin off WarnerMedia to its shareholders, who will own 71% of the new Warner Bros. Discovery company. The deal unwinds AT&amp;T\u2019s $85 billion purchase of Time Warner.<\/p>\n<p>(This story corrects million to billion in paragraph 2.)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/discovery-warnermedia-antitrust\/discovery-warnermedia-deal-clears-u-s-antitrust-review-idUSKBN2KE1IM\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The Discovery, Inc. logo is seen on a display in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":125211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discovery-WarnerMedia deal clears U.S. antitrust review - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/discovery-warnermedia-deal-clears-u-s-antitrust-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discovery-WarnerMedia deal clears U.S. antitrust review - 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