Discovery-WarnerMedia merger gets regulatory approval

Discovery’s proposed $43 billion merger with AT&T’s WarnerMedia cleared a major regulatory hurdle today.

The Federal Trade Commission and the U.S. Justice Department’s Antitrust Division essentially let the clock run out mounting a challenge to the merger, which will bring together Discovery’s cable network and streaming service portfolio with Warner Bros., HBO and Turner.

Source: Discovery-WarnerMedia merger gets regulatory approval