Babaamaajimowinan (Telling of news in different places)

DOJ opens probe into Nippon Steel-U.S. Steel deal, Politico reports

The U.S. Department of Justice has opened an in-depth antitrust investigation into Nippon Steel's $14.1 billion takeover of U.S. Steel, Politico reported on Wednesday citing two people with direct knowledge of the matter.

The DOJ declined to comment, while the companies did not immediately respond to Reuters' requests for comment.

The deal has faced the scrutiny of U.S. lawmakers over national security concerns, with President Joe Biden saying last month U.S. Steel must "remain an American steel company that is domestically owned and operated."


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