Business

US regulators divide scrutiny of Amazon and Google: Report

US antitrust regulators have divided oversight of Amazon and Alphabet's Google, putting the former under the watch of the Federal Trade Commission (FTC) and the latter under the US Justice Department, the Washington Post said on Saturday.

Amazon could face heightened antitrust scrutiny under a new agreement between US regulators, which puts the e-commerce giant under the watch of the FTC, the newspaper reported, citing people familiar with the matter.

The development is the result of the FTC and Justice Department quietly dividing up competition oversight on the two American tech giants, the newspaper said.

It added that the FTC's plans for Amazon and the Justice Department's interest in Google were not immediately clear.

The news comes after media outlets reported on Friday that the Justice Department is preparing an investigation into Google in order to ascertain whether the company broke antitrust law in operating its online businesses.

Google said it had no comment on the report while Amazon, the FTC and Justice Department did not immediately respond to requests for comment. - REUTERS

BUSINESS & FINANCE