EU antitrust chief does not see breakup of tech giants: paper
BERLIN (Reuters) – Splitting up huge tech companies equivalent to Google and Facebook will not be important, Europe’s antitrust chief was quoted as saying on Sunday.
European Competition Commissioner Margrethe Vestager is as a result of of announce new draft tips for the digital sector on Dec. 2 and might then should reconcile her proposal with these from member worldwide places and the European Parliament.
On Thursday, she said she would recommend new powers for enforcers to cope with market failures in digital markets and to stop new ones from rising.
However, Vestager instructed the Frankfurter Allgemeine Sonntagzeitung newspaper that she did not suppose breaking up the companies might be needed, although the European Union could use this step in an extreme case.
“It will not ever come to that,” she instructed the newspaper in an interview. “Up until …