The European Commission applauds the acquisition of WarnerMedia through Discovery

The European Commission applauds the acquisition of WarnerMedia through Discovery ...

October 25, 2019 - Discovery Inc said on Wednesday the European Commission approved its proposed acquisition of WarnerMedia assets on A&T Inc.

The regulator approves the deal, but it doesn't guarantee the deal is being completed. Discovery said that it expects to complete its WarnerMedia transaction by mid-2022, subject to other regulatory approvals.

In May, AT&T announced that it'd spin off its WarnerMedia division and merge it with Discovery, and unwinding the 80-bit acquisition of Time Warner that shut in 2018.

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