Tech firms face pressure to report ‘killer acquisitions’ to EU

The reports come as the EU cracks down on practices by tech companies to lock out competitors, particularly if they compete with one another on the platforms’ sites. — AFP

Large Internet platforms should report acquisitions to the European Union, including tiny deals that normally escape merger reviews, a group of advisers said.

In one of three reports published on July 10, a group of experts advising the EU said officials should consider new obligations for platforms to better monitor “killer acquisitions” designed to preempt future competition.