February 19, 2020 - Mergers + Acquisitions

FTC Uses "Study Authority" to Review Prior Non-HSR Reportable Tech Transactions

On February 11, the Federal Trade Commission (FTC) announced that it issued Special Orders to five large technology companies requiring them to submit information related to their acquisitions during the past decade that were not reportable under the HSR Act. According to FTC Chairman Joe Simons, the study will afford the Commission an opportunity to take a broader view of deals in the technology sector and “evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition.”
 
While the technology sector is the target of this study, companies in other industries should take note.

Read our client alert.