The Justice Department plans to scrutinize the new streaming service proposed by Walt Disney (DIS), Fox Corp. (FOXA) and Warner Bros. Discovery (WBD) over concerns it could harm consumers, media rivals and sports leagues, Bloomberg News’ Leah Nylen and Todd Shields report. Regulators will look at terms of the joint venture once it is finalized, according to two people familiar with the process. The companies haven’t been notified of the impending review and it may not lead to any action, said the people. The deal “reduces the number of options” for sports leagues to sell their rights, said Steve Salop, an emeritus antitrust professor at Georgetown Law School cited by the publication.
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