Discovery Says WarnerMedia Deal Clears Antitrust Review (1)

Discovery Inc. said U.S. antitrust officials declined to challenge its planned merger with AT&T Inc.’s WarnerMedia business, clearing the way for the deal to close.

Discovery said in a securities filing Wednesday that the required waiting period to complete the tie-up has “expired or been terminated” without regulators taking action. That means the companies can move forward with the deal, which AT&T still expects to close in the second quarter.

The Justice Department’s antitrust division, however, is still investigating the transaction to determine whether it threatens competition, according to a person familiar with the matter. The government began an ...