US regulators probing tech acquisitions

WorldNews

Published

US federal regulators are ramping up their investigation of the market dominance of giant technology companies, demanding detailed information on five companies’ acquisitions of smaller firms back to 2010. The US Federal Trade Commission (FTC) on Tuesday announced the move, issuing orders to Facebook Inc, Amazon.com Inc, Apple Inc, Microsoft Corp and Google’s parent Alphabet Inc. Hundreds of takeovers of smaller companies are involved. FTC Chairman Joseph Simons said that as a result of the review, the government might require tech giants to unwind earlier...

Full Article