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Justice Department Seeks More Information on Salesforce s $27 Billion Deal for Slack

Even with the additional layer of evaluation, Salesforce still expects to close its deal for Slack in the quarter that ends on July 31, according to a regulatory filing. The review, known as a second request, is not unprecedented: GE s 2017 Baker Hughes acquisition, Charles Schwab s 2020 TD Ameritrade deal and Anheuser-Busch s 2020 transaction with Craft Brew Alliance, which involved the sale of Kona Brewing s Hawaii operations to another company, all faced similar requests. There are signs the U.S. might take a stronger approach to antitrust enforcement than it did under Barack Obama, CNBC reported in January. In Congress, Amy Klobuchar, a Democrat from Minnesota who became chair of the Senate s Judiciary subcommittee on antitrust this month, has proposed a sweeping reform of antitrust enforcement.

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