The Department of Justice is investigating if Netflix (NFLX) engaged in anticompetitive tactics as it reviews the company’s proposed acquisition of Warner Bros. Discovery’s (WBD) studios and HBO Max streaming service, Jessica Toonkel and Dave Michaels of Wall Street Journal report, citing a civil subpoena viewed by the paper. The questions pertaining to how Netflix competes with rivals suggests the department is looking at whether its planned Warner deal “could entrench its market power, or lead to a monopoly in the future,” according to the Journal.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- DOJ probing Netflix for anticompetitive tactics, WSJ reports
- Trump Weekly: House votes in favor of funding package, Nike hit with DEI probe
- Now Streaming: Disney names Josh D’Amaro its next CEO
- Mixed options sentiment in Netflix with shares up 0.8%
- Warner Bros. Discovery Stock (NASDAQ:WBD) Slips, Paramount Not Giving Up Yet