Ftc Launching Probe Into Acquisitions Made By Apple And Other Big Tech Companies
The FTC is seeking information that was not reported to the antitrust agencies under the Hart-Scott-Rodino (HSR) Act. The investigation covers all transactions that each company completed between January 1, 2010 and December 31, 2019. That window includes Apple’s $3 billion acquisition of Beats that was completed in 2014, as well as Facebook’s acquisition of Instagram. The purpose of the investigation is to help the FTC “deepen its understanding” of the acquisition strategy of companies like Apple....