Author: Makena Kelly
Photo credit should read MANDEL NGAN/AFP via Getty Images
The Federal Trade Commission announced Tuesday that it will begin reviewing past acquisitions made by big tech companies, including Alphabet, Amazon, Apple, Facebook, and Microsoft.
In orders issued to the companies, the FTC said that it was seeking “information and documents on the terms, scope, structure, and purpose of transactions” made between January 1, 2010 and December 31, 2019.
The companies issued orders by the FTC did not immediately respond to requests for comment.
“Digital technology companies are a big part of the economy and our daily lives,” FTC chair Joe Simons said in a statement. “This initiative will enable the Commission to take a closer look at acquisitions in this important sector, and also to evaluate whether...
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The Federal Trade Commission announced Tuesday that it will begin reviewing past acquisitions made by big tech companies, including Alphabet, Amazon, Apple, Facebook, and Microsoft.
In orders issued to the companies, the FTC said that it was seeking “information and documents on the terms, scope, structure, and purpose of transactions” made between January 1, 2010 and December 31, 2019.
The companies issued orders by the FTC did not immediately respond to requests for comment.
“Digital technology companies are a big part of the economy and our daily lives,” FTC chair Joe Simons said in a statement. “This initiative will enable the Commission to take a closer look at acquisitions in this important sector, and also to evaluate whether...
Continue reading…
Continue reading...