US Federal Trade Commission Looks Into Small Acquisitions of Tech Giants

U.S. Federal Trade Commission (FTC) has been looking into data on small acquisitions by five big tech companies, Facebook, Google, Amazon, Apple, and Microsoft. The agency plans to get tougher on deals that merge a company with a supplier.

The study began during the Trump administration. Trade Commission found that the big five had in total 616 acquisitions from 2010 to 2019 that were above $1 million; but too small to report to anti-trust agencies. The commission stated that looking at individual acquisitions was inadequate and doesn’t get the whole picture. The collective effect of small acquisitions can lead to a monopolistic behavior.

The FTC sued Facebook last year, accusing the social media giant of breaking the anti-trust law. It has asked the court to reverse Facebook’s acquisitions of Instagram and Whatsapp. Both acquisitions were previously reviewed by the agency.

The commission also voted to withdraw Trump administration’s guidelines regarding vertical deals. The Justice Department, meanwhile, said that they were reviewing guidelines about both vertical and horizontal merger guidelines.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Get your daily Business Brief

Subscribe free to Business Brief

Business Brief delivers the latest insights straight to your inbox

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

U.S. to Announce Release of Some Oil Reserves

The United States plans to release some of tis strategic oil reserves on Tuesday after it called some major Asian economies to do the same to lower soaring energy prices. The move came after OPEC rejected repeated U.S. requests to increase supply and ease the energy prices. 

EU Energy Ministers Set to Meet in France Next Week

The EU energy ministers will meet in France on May 2 to discuss Russia’s decision to halt gas supplies to Poland and Bulgaria following their refusal to make gas payments in roubles. 

Oil Giants Subpoenaed Over Actions Regarding Climate Change

The United States House Committee on Oversight and Reform subpoenaed four oil companies, Exxon, Chevron, BP and Shell; and two lobbying firms, American Petroleum Institute (API) and US Chamber of Commerce, for potential deception about climate change.

Stay informed

error: This content is protected !!