A PYMNTS Company

‘Antitrust Is Law Enforcement, Not Regulation’

By  |  November 16, 2017

Posted by Bloomberg

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    ‘Antitrust Is Law Enforcement, Not Regulation’

    By Andrew Ross Sorkin

    The Justice Department hasn’t sued to block AT&T’s $85.4 billion takeover of Time Warner — not yet, anyway. But its antitrust chief, Makan Delrahim, has laid out the principles that would guide that lawsuit when, or if, it is filed.

    In short: He’s not seeking to regulate companies by forcing them to change how they act through what are known as “behavioral remedies.” Instead, companies should be forced to make structural changes — which often means selling significant assets — if the Justice Department has problems with their proposed union or see their transaction blocked altogether.

    Continue Reading…