Dr. Patrick Soon-Shiong’s rumored purchase of D.C. United blew up big 2 months ago, and has gone quiet since then. In the meantime, Black and Red United submitted a Freedom of Information Act request to the Federal Trade Commission, whose premerger transaction notices are the way we found out about Dr. Soon-Shiong’s interest in D.C. United. The documents that the FTC provided are....not illuminating.
Federal anti-trust law requires a waiting period for transactions that involve the purchase of voting rights in companies at a value of $50M or more. However, that waiting period can be waived when the transaction is not complicated and does not endanger the public interest.