U.S. antitrust regulators have not challenged the $43 billion combination of Discovery and AT&T's WarnerMedia during a key review period, according to corporate securities filings, easing the way for the deal to close in the next few months.
In a big retreat for wireless giant AT&T, the company last year decided to separate WarnerMedia, which it bought in 2018 for $81 billion after a protracted antitrust battle with the Trump-era Justice Department WarnerMedia, home to CNN HBO and HBO Max, would then combine with Discovery, the parent of networks like HGTV and its own streaming service, Discovery+.
