Exclusive: US sends subpoenas in Warner-Paramount antitrust review as probe picks up steam

The U.S. Department of Justice has issued subpoenas in its probe of Paramount Skydance's proposed acquisition of Warner Bros Discovery, according to three sources. The subpoenas increase antitrust/regulatory risk that could delay, complicate or force remedies on the transaction and may pressure the involved companies' shares; monitor for further enforcement actions, filings or changes to deal timing and likelihood.

Analysis

The U.S. Department of Justice has issued subpoenas in its probe of Paramount Skydance's proposed acquisition of Warner Bros Discovery, according to three sources. The subpoenas increase antitrust/regulatory risk that could delay, complicate or force remedies on the transaction and may pressure the involved companies' shares; monitor for further enforcement actions, filings or changes to deal timing and likelihood.