Sen. Amy Klobuchar (D., Minn.) on Thursday introduced a bill that would make it easier for the Justice Department and Federal Trade Commission to challenge tech mergers while also giving both agencies more money for staff. An aide for the newly-named chair of the Antitrust Subcommittee said the legislation won't single out big tech companies like Apple Inc. (AAPL), Alphabet Inc. (GOOGL)(GOOGL), Amazon.com Inc. (AMZN) and Facebook Inc. (FB) already under investigation for their business practices. Every deal will be subject to the new standard, which conceivably would impact the entire tech industry.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 04, 2021 12:58 ET (17:58 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.