Tech Giants Risk Breakups as Vestager Weighs ‘Last Resort’
- Vestager says breaking up companies would be a ‘last resort’
- Regulators frustrated by lack of change following some probes
Margrethe Vestager, competition commissioner of the European Commission,
Photographer: Geert Vanden Wijngaert/BloombergThis article is for subscribers only.
U.S. tech giants run the risk of being broken up if they don’t play fair, under tough new rules being weighed as a “last resort” by European Union antitrust chief Margrethe Vestager, a regular tormentor of Silicon Valley.
Digital markets “can tip very fast so we as competition enforcers need to be able to move quickly,” the EU commissioner told a competition law conference on Friday.