Big Tech Goes on Shopping Spree, Brushing Off Antitrust Scrutiny
- First-half acquisitions at the fastest pace since 2015
- Cash piles and pandemic may have fueled uptick in dealmaking
Photographer: Lionel Bonaventure/AFP via Getty Images
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The biggest U.S. technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they’ve bolstered their power by snatching up nascent rivals.
The number of acquisitions by the five largest companies -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google, Facebook Inc., and Microsoft Corp. -- came at the fastest pace through June since 2015, according to data compiled by Bloomberg.