‘Pac-Man strategy’: Big Tech’s many small mergers draw more U.S. antitrust scrutiny

pac man strategy big techs many small mergers draw more u s antitrust scrutiny

Sumary of ‘Pac-Man strategy’: Big Tech’s many small mergers draw more U.S. antitrust scrutiny:

  • ” Photo by Regis Duvignau/Reuters Article content WASHINGTON — U.S. Federal Trade Commission staff presented data on Wednesday on small acquisitions by five big technology companies, and the agency scrapped guidelines on vertical mergers which combine a company with a supplier — both steps indicating plans to be tougher on deals.
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  • Article content Following a study begun during the Trump administration, the FTC staff found that Facebook, Alphabet’s Google , Amazon.
  • com, Apple and Microsoft together had 616 acquisitions from 2010 to 2019 that were above $1 million but too small to be reported to antitrust agencies, among other findings.
  • Commissioner Rebecca Slaughter, a Democrat, said looking at deals individually was inadequate.
  • Commissioner Christine Wilson, a Republican, called for a similar study on health care mergers.
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  • Article content The FTC sued Facebook last year, alleging the social media company broke antitrust law.

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