European Regulators to Tame Big Tech with Digital Markets Act; SoftBank Finalise Loans up to USD $10bn Before Arm IPO – ExchangeWire
In today’s ExchangeWire news digest: European lawmakers introduce the Digital Markets Act to tackle antitrust behaviour in Big Tech; SoftBank finalise loans of up to USD $10bn ahead of Arm IPO; and Australian start-up Zepto raise AUD $25m in Series A funding round.
Europe propose Digital Markets Act to limit Big Tech
Lawmakers in Europe have finalised proposed rules under the Digital Markets Act, mandating that tech giants must open their services and platforms to other businesses. The act marks the EU’s most significant regulatory move against antitrust behaviour from Big Tech companies, who have long been accused of using their dominance in the market to block competitors.
Heavy-hitters affected by the proposed Digital Markets Act include Google, who will be asked to provide an alternative to its own search engine, Maps, and Chrome browser to its Android operating system. Apple will be similarly affected, by being forced to enable third-party payment options on its App Store as…
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source: https://news.oneseocompany.com/2022/03/28/european-regulators-to-tame-big-tech-with-digital-markets-act-softbank-finalise-loans-up-to-usd-10bn-before-arm-ipo-exchangewire_2022032816913.html
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