The Department of Justice's antitrust division announced a new model for streamlining deal reviews that quickly focuses on the most obvious way a deal could hurt competition. Under the revised guidelines, the division will seek records from fewer executives and will decide whether to close or expand a probe within about five weeks of receiving corporate records. Associate Attorney General Stanley Woodward said the change allows for quicker, more efficient review and more effective use of taxpayer resources. The streamlined approach has already been used in two deals this year, and the division recently approved Paramount Skydance's planned $110 billion purchase of Warner Bros. Discovery.
Paramount Skydance Corporation Class B Common StockStreamlined antitrust review model facilitates approval of Paramount Skydance's $110B purchase of Warner Bros. Discovery.
Warner Bros Discovery IncStreamlined antitrust review model facilitates approval of Paramount Skydance's $110B purchase of Warner Bros. Discovery.