US regulator will check Alphabet, Amazon, Apple, Facebook and Microsoft startup deals
The U.S. Federal Trade Commission (FTC) has requested documents from Alphabet, Amazon, Apple, Facebook and Microsoft on all startups purchases between 2010 and 2019, The Wall Street Journal writes.
The regulator is also interested in the structure, amounts and purposes of these deals.
Documents will help the commission to understand whether large technology companies have made small transactions not verified by the federal authorities to eliminate potential competitors. Companies have not responded to WSJ's requests for comments.
In July 2019, the U.S. Department of Justice announced the beginning of inspections of tech companies. The agency did not name specific names, but noted that it wanted to find out how they became market leaders and whether they use methods that reduce competition and harm innovation and consumers.