Deals
U.S. Antitrust Task Force Target Tech Giants
- FTC creates group of 17 attorneys to scrutinize tech sector
- Mergers that turn out to harm consumers could be unwound
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U.S. antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc.
The Federal Trade Commission on Tuesday said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It will also look at completed mergers in the industry that could be unwound if they turn out to be harmful to consumers.