U.S. Federal Trade Commission; Alphabet has requested company purchase data from Apple, Amazon, Facebook and Microsoft over the past 10 years. The Commission also underlined that it does not request this data for specific legal sanction.
The U.S. Federal Trade Commission (FTC) said in a statement today that Google has requested company acquisition data from the past 10 years, as well as Alphabet, including Apple, Amazon, Facebook, and Microsoft. In the statement of the FTC, it was underlined that the data request was not made for the purpose of a law enforcement.
The FTC is estimated to have made this investigation to determine if companies are acting against antitrust laws due to any abnormality in their purchases. The requested data covers all purchases from January 1, 2010 to December 31, 2019.
Small purchases are also requested
Pointing out that digital technology companies are a big part of the economy and our daily life, FTC President Joe Simons said that with the initiative of the Commission, they will have the opportunity to take a closer look at the purchases in this important sector. Simons noted that alerting federal institutions to transactions that could harm competition is important to keep the technology markets open and competitive, and to benefit consumers.
Under the Hart-Scott-Rodino (HSR) Act, companies must report details of their specific purchase to the FTC, but if the purchase is not a certain size, the company does not have to report it to the FTC. This FTC request also includes small purchases. Some of them may not even know the public.
In addition to purchases not reported under the HSR Act, FTC requests these 5 technology companies to provide the following information:
Company purchasing strategies
Voting and board appointment strategies
Agreements on recruiting key personnel from other companies
Post-employment non-competition contracts
Post-purchase product development and pricing, including whether and how to integrate purchased assets and how they are made, how the purchased data is processed
Although the demand for FTC is thought to be somewhat annoying, it is not expected that there will be a problem with the above-mentioned five companies providing data on the purchases of the last 10 years to the FTC. The FTC is expected to act if it discovers an abnormality in the data.