This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG1A1HT_L.jpg
WASHINGTON (Reuters) – The Federal Trade Commission has issued special orders to five big tech companies — Alphabet’s Google (O:), Amazon.com (O:), Apple (O:), Facebook (O:) and Microsoft (O:) — to provide information about mergers that were too small to report to antitrust agencies, the agency said on Tuesday.
The orders were issued as part of a study that the agency is doing into whether the companies buy up nascent or potential competitors, the agency said in a statement.
“This initiative will enable the commission to take a closer look at acquisitions in this important sector, and also to evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition,” FTC Chairman Joe Simons said in a statement.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.