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.

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