: FTC, Justice Department release new merger guidelines with tech in mind
The Federal Trade Commission and Justice Department on Wednesday released new merger guidelines that could make it tougher for Amazon.com Inc. AMZN and Alphabet Inc.’s GOOGLGOOG 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 more scrutiny from antitrust agencies. The Biden administration has adopted a more stringent stance on mergers, though it lost two court decisions last week over Microsoft Corp.’s MSFT planned $69 billion purchase of Activision Blizzard Inc. ATVI, which is now scheduled to close Oct. 18.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.