Big Law
The European Commission Approves the Discovery WarnerMedia Merger
The European Commission has granted unconditional antitrust clearance of Discovery’s proposed acquisition of AT&T’s WarnerMedia business.
“Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said David Zaslav, president and CEO of Discovery, in a statement on Wednesday.
“Today we move one important step closer to creating Warner Bros. Discovery, a premier entertainment company that will be one of the world’s leading investors in premium content and one positioned to serve consumers with what we believe will be the most complete content offering under one roof,” added Zaslav, who will serve as the CEO of the combined company.
