FTC To Share Big Tech's Small Acquisitions Outcome: Reuters

September 15, 2021 7:45 AM | 1 min read | Make a Comment

The Federal Trade Commission will disclose their conclusions on the tech platforms' business deals that were sometimes too small to prompt antitrust review, Reuters reports.
The FTC will hear about Big Tech acquisitions done between 2010 and 2019.
The tech companies involved include Facebook Inc FB, Alphabet Inc GOOG GOOGL, Amazon.com Inc AMZN, Apple Inc AAPL, and Microsoft Corp MSFT.
The FTC has already prosecuted Facebook for allegedly breaking antitrust law and sought to undo its deals for photo sharing app Instagram and messaging app WhatsApp.
The FTC could impose stricter guidelines by scrapping vertical deals, which combine a company with one of its suppliers.