Posted: July 19, 2023 11:13 a.m. ET
The Federal Trade Commission and the Department of Justice issued new merger guidelines on Wednesday that could make it harder for Amazon.com Inc. AMZN and Alphabet Inc.’s GOOGL GOOG Google to win big contracts. The 51-page document vaguely referred to Amazon’s acquisition of Ring in 2018 as a deal that would require further scrutiny by antitrust agencies. The Biden administration has taken a tougher stance on mergers, despite losing two court rulings last week over Microsoft Corp’s planned purchase. of $69 billion from Activision Blizzard Inc. ATVI, which is now set to shut down Oct. 18.
…
The Federal Trade Commission and the Department of Justice issued new merger guidelines on Wednesday that could make it harder for Amazon.com Inc.
AMZN
and Alphabet Inc.
GOOGL
Google to land big deals. The 51-page document vaguely referred to Amazon’s acquisition of Ring in 2018 as a deal that would require further scrutiny by antitrust agencies. The Biden administration has taken a tougher stance on mergers, despite losing two court rulings last week involving Microsoft Corp.
MSFT
planned $69 billion purchase of Activision Blizzard Inc.
ATVI
,
which is now due to close on October 18.
