Business Standard

Splitting up tech giants won't be necessary, says EU antitrust chief

Competition Commissioner Margrethe Vestager is due to announce new draft rules for the digital sector on December 2

Google, Facebook
Premium

On Thursday, she said she would propose new powers for enforcers to tackle market failures in digital markets and to stop new ones from emerging

Agencies
Splitting up large tech companies such as Google and Facebook will not benecessary, Europe's antitrust chief was quoted as saying on Sunday.

European Competition Commissioner Margrethe Vestager is due to announce new draft rules for the digital sector on Dec. 2 and will then have to reconcile her proposal with those from member countries and the European Parliament.
 
On Thursday, she said she would propose new powers for enforcers to tackle market failures in digital markets and to stop new ones from emerging.
 
However, Vestager told the Frankfurter Allgemeine Sonntagzeitung newspaper that she did not think breaking up the companies would

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in