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FTC will review past mergers by Facebook, Google and other Big Tech companiesU.S. regulators said Tuesday they would look into past mergers by the tech giants to see if their acquisitions of smaller rivals may have skirted federal antitrust lawsThe FTC said it would look into past mergers by Alphabet, Apple, Amazon, Facebook and Microsoft, to study the ways that the tech giants gobbled up their rivals — and if those acquisitions may have skirted federal antitrust laws. (Alex Brandon/AP)By Tony RommFebruary 11, 2020 at 12:26 PM ESTSAN FRANCISCO — U.S. regulators said Tuesday they would probe past mergers by Alphabet, Apple, Amazon, Facebook and Microsoft, seeking to study the ways tech giants gobbled up their rivals — and if the acquisitions skirted federal antitrust laws.The new effort by the Federal Trade Commission will require the five companies to provide information about the smaller players they’ve purchased over the past 10 years, including documents for deals that may not have been large enough to warrant deep, closer inspection by government watchdogs at the time.The records the FTC amasses could ultimately influence its thinking about Silicon Valley and its size, sparking investigations, resulting in tough punishments or prompting the commission to seek further enforcement powers from Congress once it concludes its work.AD“All of our options are on the table,” FTC Chairman Joseph J. Simons said Tuesday, later adding that the range of actions the agency could take includes “unwinding” anti-competitive mergers and acquisitions.Justice Department announces broad antitrust review of big techAmazon, Apple, Facebook and Alphabet, which owns Google, declined to comment. Microsoft did not immediately respond. (Amazon founder and chief executive Jeff Bezos owns The Washington Post.)The inquiry announced Tuesday differs from a traditional investigation: Using what’s known as its 6(b) authority, the FTC can embark on wide-ranging reviews of entire industries without necessarily bringing a law-enforcement action. The agency in the past has invoked such powers to delve deep into drug prices, alcohol ads and gas gouging, experts said, often ushering about major changes in the markets and companies it studies.ADWith Big Tech, the FTC is particularly interested in the smaller start-ups purchased by Apple, Amazon, Facebook, Google’s parent company and Microsoft. Such deals typically aren’t large enough to require companies under law to report them to agencies such as the FTC, which would then review them for competition concerns. The document demands sent to the five tech giants require them to demystify these transactions, explaining their acquisition strategies and the ways they ingested start-ups — and the data they amassed — into their own services.“The acquisition practices of the leading tech companies long have been the subject of tremendous scrutiny, and this will be an opportunity to assemble the best body of data on how many of these deals took place and what their competitive significance was,” said William Kovacic, a top professor at George Washington University’s law school who previously served on the FTC.“It can lead you either to go to the Congress and say, ‘We need change in the law,’ and it can guide your own law enforcement decision-making.”ADPopSockets, Tile and other companies will ask Congress to help stop Big Tech bullyingThe FTC’s heightened interest in Big Tech — and the mergers that helped enhance tech giants’ footprints — comes at a moment when regulators around the country are intensifying their scrutiny of an industry that long had avoided it. Amazon, Facebook and Google each are facing a raft of investigations by state and federal authorities, including the FTC, which has focused in particular on the social networking giant’s past acquisitions of WhatsApp and Instagram.The Justice Department also has embarked on a wide-ranging probe of search engines, social networking and e-commerce, exploring dominant companies in those industries. That probe will take companies to San Francisco this week, as regulators seek to learn the extent to which tech giants such as Facebook and Google have crowded out investment in new companies that might challenge them.Lawmakers on Capitol Hill have embarked on their own review of the industry, exploring whether federal antitrust law needs to be updated for the digital age. Some members of Congress who long have questioned Silicon Valley’s corporate footprint praised the FTC, urging it to use the data it gathers to take aim at Big Tech.“While I welcome this announcement, it’s no substitute for action,” Sen. Richard Blumenthal (D-Conn.) said in a statement. “The FTC must demonstrate a willingness to forcefully stand up to Big Tech by scrutinizing every deal and taking vigorous action to stop the dangerous and destructive consolidation in the tech industry.”0 CommentsHomeShare0ADToday’s HeadlinesFree daily updates delivered just for youBy signing up you agree to our Terms of Use and Privacy Policy