Denver, Colo. (September 16, 2021) - On
September 15, 2021, the Federal Trade Commission (FTC) published a report summarizing its
findings from a study it performed regarding acquisitions made by
five large technology firms over a 10-year period that were not
reported to the federal U.S. antitrust agencies under the
Hart-Scott-Rodino (HSR) Act.
The FTC study, which commenced in February 2020 under Special
Orders issued by the FTC, involved non-HSR reported acquisitions by
technology giants Alphabet, Inc., Amazon.com, Inc., Apple Inc.,
Facebook, Inc. and Microsoft Corp. (collectively, the Respondents)
and covered transactions consummated between January 1, 2010 and
December 31, 2019. The FTC report noted that the Respondents are
the five largest public U.S. companies by market capitalization.
The report publishes the results of the FTC's analysis on an
aggregated, and, therefore, anonymous basis. Further, the FTC study
was intended to provide background and findings
