FTC Chairman Andrew Ferguson says the agency is examining Big Tech's acqui-hires to make sure “they are not an attempt to get around” its merger review process
We are beginning to examine the acquihire deals that raise a lot of attention, says US FTC Chair! @FTC Chair, Andrew Ferguson, spoke to @EdLudlow of Bloomberg earlier today. Ed particularly addressed @GroqInc and @Nvidia deal, FTC chair refused to comment on any particular [video…
FTC Chairman Andrew Ferguson spoke to @edludlow. He made clear that acquihires will not be allowed as cover to evade antitrust scrutiny. Ferguson said the FTC will look beyond headcount to factors like access to technology, IP, and stock-based consideration when evaluating [video…