The US Federal Trade Commission said Tuesday that it sent special orders to five tech giants — Apple, Amazon, Facebook, Google and Microsoft — requiring them to turn over detailed information about past acquisitions. The FTC said it’ll review the information to “examine trends in acquisitions,” including how firms report transactions and whether companies are making potentially anticompetitive moves.
“Digital technology companies are a big part of the economy and our daily lives,” said FTC Chairman Joe Simons in a release. “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…
Source CNET Tech