The DOJ held RainKing's antitrust review to the final decision deadline
Henry Schuck · Henry Schuck turned down $40m for 70% when he was 24 · May 2, 2022 · at 21:23
Henry Schuck, CEO of ZoomInfo (formerly DiscoverOrg), recounts meeting with Department of Justice antitrust regulators in Washington D.C. to secure approval for acquiring RainKing.
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“When we made the acquisition of Rain King, we actually, you have to get antitrust approval. And so we went, and the regular, the regulators didn't love the ranking acquisition because they felt very similar, two very similar companies, and so we actually went to Washington, D.C. We met with a panel of Department of Justice regulators in the antitrust division, and included, like, lawyers and economists trying to figure out how anti-competitive These two companies coming together would be. They stretched it out until the last day of when they would basically deny or approve it. They approved it.”
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