As part of an antitrust review, the Federal Trade Commission is asking for more information about deals that involved five tech giants -- Amazon, Apple, Facebook, Google and Microsoft -- buying up potential competitors.
U.S. technology giants face a new wave of scrutiny from antitrust officials, as the Federal Trade Commission demands information about their acquisitions of start-ups that may have eliminated emerging competitors.
The orders also require companies to provide information and documents on their corporate acquisition strategies, voting and board appointment agreements, pacts to hire key personnel from other companies, and post-employment covenants not to compete. Bilal Sayyed, who is overseeing the effort as director of FTC’s Office of Policy Planning, told reporters that the agency is aiming to “move quickly” and predicted it would look at transactions above the $94 million threshold that companies didn’t report due to exemptions.
The inclusion of Microsoft, the world’s largest software maker, in the inquiry may be met with dismay at the company, which lost a bruising antitrust
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC to investigate ‘hundreds’ of past acquisitions made by Microsoft, Google, Apple, Amazon and FacebookThe FTC is investigating past acquisitions by Microsoft, Google, Amazon, Apple and Facebook because “it is important to keep tech markets open and competitive,' the chairman said.
Read more »
FTC will examine prior acquisitions by Alphabet, Amazon, Apple, Facebook and MicrosoftThe commission voted 5-0 to issue special orders to review the past mergers.
Read more »
FTC looking at past acquisitions by Amazon, Facebook, Google, others - Business InsiderThe FTC is looking into past acquisitions by Amazon, Apple, Facebook, Microsoft, and Google-parent Alphabet as it ramps up antitrust inquiries
Read more »
Federal Regulators Order Details on Acquisitions By Apple, Amazon and Other Tech GiantsFederal regulators are ramping up their investigation of the market dominance of five giant tech companies, demanding detailed information on their acquisitions back to 2010.
Read more »
Why Microsoft, Google and Apple want you to ditch your passwordPasswords are a very serious and expensive security risk. It's why companies like Microsoft, Apple and Google are trying to reduce our dependence on them. But can these companies break our bad habits?
Read more »
Amazon wants Trump to testify on ‘order to screw Amazon’ in Pentagon dealThe Amazon.com Inc unit alleged that Trump, who has publicly derided Amazon head Jeff Bezos and repeatedly criticized the company, exerted undue influence on the decision to deny it the $10 billion contract. Known as the Joint Enterprise Defense Infrastructure Cloud, or JEDI, the contract is intended
Read more »