The U.S. Justice Department has expanded its review of Paramount's hostile bid for Warner Bros., signaling potential competition concerns and possibly challenging the merger, which could impact the future of the deal and the streaming market.
The Federal Trade Commission's (FTC) new merger review has sparked controversy and opposition from big business, leading to criticism of FTC Chairwoman Lina Khan. The Biden administration's antitrust regulators have clashed with major companies, causing tension in the industry.
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) have released new draft guidelines on how they will enforce merger law, aiming to keep pace with the digital age and a changing market. The proposed rules apply to both vertical and horizontal mergers and outline 13 points that will be used to evaluate whether a merger should be blocked. The guidelines address issues related to concentration, competition, coordination, potential entrants, market structures, dominant positions, trends toward concentration, multi-sided platforms, competition for workers, and impact on competition from partial ownership or minority interests. The public has until September 18 to submit comments on the draft guidelines, which will be reviewed and potentially revised before final publication. The longevity of the guidelines may depend on political power dynamics after the next presidential election in 2024.