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

The U.S. Department of Justice has issued subpoenas as part of its antitrust review of a proposed merger between Warner Bros. Discovery and Paramount Global, signaling the investigation is entering a more aggressive phase. The subpoenas request documents and testimony from the companies as regulators examine whether the combination would reduce competition in media and entertainment markets. The move suggests the DOJ is moving beyond preliminary inquiries toward a deeper examination of the deal's competitive implications. The Warner-Paramount merger would combine two major media conglomerates with significant holdings in film, television, and streaming platforms. The escalated probe could result in the department challenging the merger in court or negotiating conditions for approval.