Transfin.

US Antitrust Officials to Probe Every Acquisition Made by Big Tech Firms in 2010-2019

The US Federal Trade Commission has issued Special Orders to give Big Tech firms – Alphabet, Amazon, Apple, Facebook and Microsoft in order to examine every acquisition made by these firms in the past decade.

 

REGULATIONS

Union Cabinet approves merger of three state-owned general insurers.

M&A

The Union Cabinet is reportedly likely to approve the merger of three state-owned general insurers – Oriental Insurance Company, National Insurance Company and United India Insurance Company. The merger will be accompanied by capital infusion and is expected to improve operational efficiency, solvency ratio and profitability. [Livemint]

 

US antitrust officials to probe every acquisition made by Big Tech firms in 2010-2019.

Probe Me In

The US Federal Trade Commission has issued Special Orders to give Big Tech firms – Alphabet, Amazon, Apple, Facebook and Microsoft. The motive is to examine every acquisition made by these firms in the past decade.

 

Big Tech firms don’t always disclose every acquisition they make, especially if the companies being acquired are little fish in the big tech pond. US officials believe that analysing these companies’ history of acquisitions could shed light on their financial power and market influence in anticompetitive ways. [TechCrunch]

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