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Amazon, Google, and Facebook ordered to turn over evidence for far-reaching FTC merger review
Photo credit should read MANDEL NGAN/AFP via Getty Images
The Federal Trade Commission announced Tuesday that it will begin reviewing past acquisitions made by big tech companies, including Alphabet, Amazon, Apple, Facebook, and Microsoft.
In orders issued to the companies, the FTC said that it was seeking “information and documents on the terms, scope, structure, and purpose of transactions” made between January 1, 2010 and December 31, 2019. This would include Facebook’s acquisitions of both Instagram and WhatsApp, and any unreported purchase made by any of the six companies the FTC targeted Tuesday.
The companies issued orders by the FTC did not immediately respond to requests for comment.
“Digital technology companies are a big part of the economy and our daily lives,” FTC chair Joe...
Original Link: https://www.theverge.com/policy/2020/2/11/21133268/facebook-microsoft-apple-amazon-google-antitrust-review-joe-simons
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