3 years ago
FTC set to keep a closer eye on smaller acquisitions made by tech giants
FTC Chair Lina Khan wants the commission to identify potential loopholes in its merger reporting guidelines that allowed some acquisitions to "fly under the radar," according to CNBC. That's one of the FTC's key takeaways after completing its inquiry into the unreported acquisitions by Google owner Alphabet, Amazon, Apple, Facebook and Microsoft from 2010 to 2019. The commission has published its findings over a year after it started the inquiry in February 2020, focusing on 616 transactions valued at over $1 million.
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