Tech CEO hearing will probably be postponed, sources say

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee listening to in Washington, October 23, 2019.

Erin Scott | Reuters

The blockbuster antitrust listening to that includes CEOs from AmazonAppleFacebook and Google scheduled for Monday will seemingly be postponed, two folks aware of the matter informed CNBC, because of a battle with the memorial service for the late Rep. John Lewis, D-Ga.

The House Judiciary Committee and the Antitrust Subcommittee, which is about to host the listening to, haven’t but confirmed the transfer and spokespeople didn’t instantly remark.

The listening to, which was set to characteristic Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai, is supposed to be the fruits of a greater than year-long investigation into the 4 tech giants. Following the listening to, lawmakers plan to subject a report primarily based on their findings all through the investigation and suggest laws that may purpose to convey antitrust legal guidelines updated to be aware of points distinctive to digital marketplaces.

The mission has been delayed already by the general public well being disaster that is interrupted Congress’ regular course of enterprise. Subcommittee Chairman David Cicilline, D-R.I., said in January he anticipated the report back to be accomplished by early April, however that timeline has since been shifted a minimum of a number of months.

It’s not but clear when the listening to can be rescheduled.

A particular ceremony is scheduled in honor of Lewis on Monday at 2 p.m. ET on the U.S. Capitol Rotunda. After, he’ll lie in state on the Capitol. The antitrust listening to had been scheduled to start at midday.

This story is creating. Check again for updates.

-CNBC’s Ylan Mui contributed to this report.

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