'U.S. Department Of Justice Has Sent Subpoenas To Third Parties In Probe Of Paramount-Warner Deal' - Reuters Exclusive

The U.S. Department of Justice (DOJ) has issued subpoenas as part of its investigation into Paramount Skydance's $110 billion acquisition of Warner Bros Discovery. The DOJ is examining the potential impacts of the merger on studio output, content rights, competition among streaming services, and movie theaters. If the acquisition is blocked, Paramount could face a $7 billion loss. Paramount's Chief Legal Officer has indicated that they anticipated regulatory reviews of the deal.