The U.S. Department of Justice has sent ​subpoenas in its investigation of Paramount Skydance’s acquisition of Warner Bros Discovery, three sources familiar with the matter told Reuters.

The ‌inquiries show the DOJ moving ahead with its probe into the $110 billion acquisition that would combine the two major studios, along with the companies’ streaming services and news operations. Hollywood and Wall Street are intensely interested in the high-stakes deal, which would bring together some of the entertainment industry’s most enduring franchises but deal a blow ​to film and television jobs.

The DOJ is seeking information on how the deal would affect studio output, content rights and competition ​among streaming services, the sources said. The DOJ is also asking how the acquisition could affect movie theaters, two ⁠of the sources said.

  • tidderuuf@lemmy.world
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    1 month ago

    It’s a shakedown as clear as day. Theyve been doing this since his last term. Someone gets investigated or targeted by MAGA, mysteriously Trump or his family get a nice wealthy donation or favor and then boom… Trump endorses and investigation is dropped. Thank you for your attention in this matter. Donald J Trump.