The EU is poised to unveil a landmark law designed to rein in the market power of Big Tech this week, after a deal was struck on crucial details such as the size of companies targeted by the long-anticipated legislation.
The Digital Markets Act could be revealed as early as Thursday, following the European Commission, European Parliament and member states agreeing many of the final aspects of the law, despite intense lobbying efforts from the likes of Google and other large technology groups.
The legislation is now expected to target companies that have a market capitalisation of at least €75bn and run one core online “platform” service such as a social network or web browser, according to two people directly involved in the deal.
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