Chairman Says FTC Prepared to Break Up Tech Firms 'If You Have To'

The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg, as the regulator probes anti-competitive practices in the sector. Simons said in the interview that breaking up a company is challenging, but could be the right remedy to rein in dominant companies and restore competition.