WASHINGTON, Sept 15 (Reuters) - U.S. Federal Trade Commission staff presented data on Wedn...

Big Tech’s little mergers draw more U.S. antitrust scrutiny – Reuters

WASHINGTON, Sept 15 (Reuters) - U.S. Federal Trade Commission staff presented data on Wednesday on small acquisitions by five big technology companies, and the agency scrapped guidelines on vertical mergers which combine a company with a supplier -- both steps indicating plans to be tougher on deals.Following a study begun during the Trump administration, the FTC staff found that Facebook (FB.O), Alphabet's Google (GOOGL.O), Amazon.com (AMZN.O), Apple (AAPL.O) and Microsoft (MSFT.O) together had 616 acquisitions from 2010 to 2019 that were above $1 million but too small to be reported to antitrust agencies, among other findings.Commissioner Rebecca Slaughter, a Democrat, …

 

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