Discovery & WarnerMedia Merger Gets Justice Department Approval

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According to a report from CNN, Discovery’s planned merger with WarnerMedia, which is AEW’s broadcast partner, has passed final approval from the United States government.

On Friday, the Justice Department allowed for a planned spinoff of WarnerMedia from AT&T and subsequent merger with Discovery.

The final step needed to complete the merger is a vote of Discovery’s shareholders, which is believed to be a formality at this point. The spinoff and merger is reportedly expected to take effect in April.

The spinoff and merger plans were announced in mid-May. The new company will be called Warner Bros. Discovery and will include all of WarnerMedia’s assets including TNT, TBS, HBO, HBO Max, Warner Bros. Pictures and the like as well as Discovery’s assets such as Discovery+, TLC, Discovery Channel, and the rest.


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