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Discovery's merger with Warner Media was approved

According to Sina Technology, Discovery said on Wednesday that the European Commission had unconditionally approved the merger of Discovery and WarnerMedia, an asset owned by AT&T.

Discovery's merger with Warner Media was approved

In May, AT&T announced it would spin off Warner Media, merging it with Discovery. In 2018, AT&T acquired Time Warner for $85 billion, and the spin-off was equivalent to abandoning many of the assets it had previously acquired. AT&T and Discovery will merge media and entertainment assets with the goal of integrating various TV channels, including Warner Bros., HBO Max and Discovery+.

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