The EU’s antitrust chief believes that separating large tech companies like Google or Facebook is not necessary.
The new draft rules will be announced on December 2nd, by Margrethe Vesrager, the European Competition Commissioner, and she will then have to reintroduce her proposal to the European Parliament and member countries.
Vesrager said that she would be proposing new powers so that enforcers would be able to fight market failures in digital markets and also to put a stop to new ones from appearing.
“It will never come to that. Up until now, we haven’t had any cases that could lead to such a move,” she said to the Frankfurter Allgemeine Sonntagzeitung newspaper regarding breaking up the companies. However, in an extreme situation, the EU might make this move.
If the companies were required to separate, they would need to sell the European operations of the company if monopolizing the market was a concern in the case of customers or other smaller competitors.