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SAN FRANCISCO: US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies. Google's parent Alphabet, Amazon, Apple, Facebook and Microsoft carried out hundreds of deals in recent years that were too small to be reported to authorities for approval, the Federal Trade Commission heard at its meeting.

Commissioner Rebecca Slaughter said regulators need this type of broader perspective, and that reviewing acquisitions individually was insufficient.

"I think of serial acquisitions as a Pac-Man strategy: each individual merger, viewed independently, may not seem to have a significant impact," her prepared comments said.

"The collective impact of hundreds of smaller acquisitions can lead to a monopolistic behemoth."

She spoke as the commission heard findings from a study launched in February of last year into over 600 acquisitions by the tech titans from 2010-19, some of which were below the threshold for reporting.

Appointments to the FTC and the Department of Justice in US President Joe Biden's administration have signaled ramped up anti-trust enforcement, amid calls by some to break up some of the biggest and most successful Big Tech firms.

FTC has filed suit against Facebook, alleging it used "anticompetitive acquisitions" of potential rivals such as Instagram and WhatsApp to protect its dominance.

Additionally, the Justice Department's antitrust division said it is working with the commission to carefully review its guidelines on "harmful mergers" such as big firms gobbling up small operators in markets.

"The Department of Justice is conducting a careful review of the Horizontal Merger Guidelines and the Vertical Merger Guidelines to ensure they are appropriately skeptical of harmful mergers," acting attorney general Richard Powers said in a release.

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