Scott Sperling, co-CEO of private equity firm THL Partners, sat down with Yahoo Finance's Seana Smith and discussed how regulations and antitrust action around the merger process at Yahoo Finance Invest. Sperling says the Biden administration has made the review process "tougher all around" for dealmaking all around, highlighting the recent court case tied to the Microsoft (MSFT) and ActivisionBlizzard deal. He acknowledges the difficult balance between fighting antitrust regulations in court, which can be costly and time-consuming, versus agreeing to concessions demanded by regulators, which can affect businesses' costs and long-term sustainability. Click here to watch more from Yahoo Finance Invest.