$NFLX - DOJ PROBES NETFLIX FOR ANTICOMPETITIVE CONDUCT The Justice Department is investigating Netflix’s business practices as part of its review of the company’s $72 billion bid for Warner Discovery’s studios and HBO Max. A subpoena signals scrutiny over whether the deal could entrench Netflix’s market power or reduce competition. Regulators are also reviewing Paramount’s rival bid and are examining how past mergers affected competition and creative talent. Netflix says the review is standard and expects approval, arguing the deal is vertical and would lower consumer costs.