On April 26 and May 2, respectively, Fox Business Network and "The Wall Street Journal" reported that Sinclair was nearing an agreement to purchase the networks for $10 billion. On May 3, Sinclair officially announced that via its subsidiary Diamond Sports Group, it had agreed to purchase the networks for $10.6 billion, pending regulatory approval. At the same time, it was also revealed that Entertainment Studios would hold an equity stake in the company and serve as a "content partner". Three senators (Cory Booker, Bernie Sanders, and Elizabeth Warren) called for the sale to be reviewed by the Department of Justice, citing concerns over Sinclair's political views, and that it could use the networks as leverage for carriage agreements for its broadcast television stations.