DOJ issues subpoenas as probe of Warner Bros….
The Justice Department has despatched subpoenas in its investigation of Paramount Skydance’s acquisition of Warner Bros Discovery, three sources acquainted with the matter told GWN.
The inquiries show the DOJ shifting forward with its probe into the $110 billion acquisition that would mix the 2 major studios, along with the businesses’ streaming platforms and news operations.
Hollywood and Wall Street are intensely in the deal, which might shrink jobs if it succeeds but price Paramount $7 billion if it’s blocked.
The inquiries show the DOJ shifting forward…
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