As part of an antitrust review, the Federal Trade Commission is asking for more information about deals that involved five tech giants -- Amazon, Apple, Facebook, Google and Microsoft -- buying up potential competitors.
U.S. technology giants face a new wave of scrutiny from antitrust officials, as the Federal Trade Commission demands information about their acquisitions of start-ups that may have eliminated emerging competitors.
The orders also require companies to provide information and documents on their corporate acquisition strategies, voting and board appointment agreements, pacts to hire key personnel from other companies, and post-employment covenants not to compete. Bilal Sayyed, who is overseeing the effort as director of FTC’s Office of Policy Planning, told reporters that the agency is aiming to “move quickly” and predicted it would look at transactions above the $94 million threshold that companies didn’t report due to exemptions.
The inclusion of Microsoft, the world’s largest software maker, in the inquiry may be met with dismay at the company, which lost a bruising antitrust
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