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

  • 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 FBAlphabet Inc GOOG GOOGLAmazon.com Inc AMZNApple 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.
AAPL Logo
AAPLApple Inc
$208.590.11%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
75.93
Growth
44.88
Quality
84.91
Value
7.81
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...