Discovery Inc.'s takeover of WarnerMedia moved closer to completion after the U.S. Justice Department declined to challenge the deal.
In a regulatory filings Wednesday, Discovery and AT&T said the time period had expired for the Justice Department and the Federal Trade Commission to try to block the $43-billion merger of Discovery and WarnerMedia, the parent company of HBO, CNN, TBS, Cartoon Network and the Warner Bros. film and TV studio.
AT&T currently owns WarnerMedia, but the cellphone giant has been eager to exit Hollywood after its failed foray into the entertainment business.
