Real-life entertainment giant Discovery, Inc. (DISCA) announced that the European Commission has granted unconditional approval for the most-awaited acquisition of AT&T’s (T) WarnerMedia business. Following the news, shares of DISCA gained 2%, while shares of AT&T gained 1.3% on December 22. Unconditional Approval Earlier in May, Discovery disclosed its plan to acquire WarnerMedia, with David Zaslav serving as the CEO of the combined company. The combined company will host the most popular and entertaining content including CNN, TBS, TNT, HGTV, Food Network, and Discovery Channel, the Warner Bros. film studio, and HBO Max and Discovery+, which are streaming services.
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