ACCC boss Rod Sims flags fight over merger laws

  • 📰 smh
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Competition watchdog tsar Rod Sims says tougher laws are needed to stop corporate giants from hoovering up smaller rivals, but has left open the door to watering down a key mechanism in his plan to force tech giants to pay for news content | LisaVisentin

Mr Sims foreshadowed the forthcoming battle over merger laws in a major speech at the National Press Club on Wednesday, but would not go into detail about what form the changes would take.filed an anti-trust lawsuit against GoogleMr Sims said it was "one of the biggest anti-trust cases in the last 20 years" and said the ACCC would monitor its progress.

However, he also left open the possibility of winding back a key mechanism in the ACCC's proposed media bargaining code which, if legislated, will force Google and Facebook to pay news organisations for using their content.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LisaVisentin Please support us by donating come on Australia we need to do this 🙏🏻

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live: Company bosses urge Daniel Andrews to speed up Victoria's reopeningThe chief executives of seven of Australia's biggest companies urge Victorian Premier Daniel Andrews to speed up reopening the economy. Follow live. How many have epidemiology qualifications? What are medical experts saying ? Ok lets get serious Have a look at whats happening in Europe and the USA there going through a massive second wave simply because they've aloud free movement between states and countries Now understand that the only reason it hasnt happened here is because of travel restrictions
Source: abcnews - 🏆 5. / 83 Read more »