FTC To Share Big Tech's Small Acquisitions Outcome: Reuters

by Anusuya Lahiri, Benzinga Editor
September 15, 2021 7:45 AM | 1 min read |
  • The Federal Trade Commission will disclose their conclusions on the tech platforms' business deals that were sometimes too small to prompt antitrust review, Reuters reports.
  • The FTC will hear about Big Tech acquisitions done between 2010 and 2019.
  • The tech companies involved include Facebook Inc FB, Alphabet Inc GOOG GOOGL, Amazon.com Inc AMZN, Apple Inc AAPL, and Microsoft Corp MSFT.
  • The FTC has already prosecuted Facebook for allegedly breaking antitrust law and sought to undo its deals for photo sharing app Instagram and messaging app WhatsApp.
  • The FTC could impose stricter guidelines by scrapping vertical deals, which combine a company with one of its suppliers.
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Posted In: GovernmentNewsRegulationsTechMediaBriefsFederal Trade CommissionReuters
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