The Senate committee investigating Apple’s secretive $9.3 billion buyout of rival competitor Samsung is seeking documents related to a probe into insider trading by Apple executives, The Associated Press reported Tuesday.
The committee’s staff is looking into whether the company broke antitrust laws by buying rival smartphone maker HTC and selling the deal in a way that gives Apple a competitive advantage.
Apple shares fell nearly 4 percent Tuesday following the AP report.
The Senate intelligence committee, which has jurisdiction over the matter, has requested information from Apple and Samsung on “any evidence, documents, or other material that may shed light on Apple’s activities in the sale of HTC,” the committee said in a letter to Samsung last week.
A source familiar with the probe said the probe is looking at the potential role of a Samsung executive, as well as the conduct of Apple executives and HTC executives who were working with Samsung.