Europe's Margrethe Vestager Takes a Rare Step Toward Big Tech
Posted in: Government & Policy at 17/10/2019 14:44
European authorities took an even more aggressive approach than usual to regulating the technology industry Wednesday when they applied a rarely used rule, ordering a company to halt a potentially anticompetitive practice while an investigation is underway.
The European Commission’s top antitrust enforcer, Margrethe Vestager, said “interim measures” were being taken against the company, the chip maker Broadcom, to ensure that its competitors were not marginalized amid an inquiry. It is the first time the regulator has used the rule in nearly two decades, signaling urgency within Europe to keep the technology market competitive.