Technology giants Apple and Meta may settle two EU antitrust cases related to the Digital Markets Act (DMA), the Financial Times (FT) reported, citing sources.
European officials are optimistic that Meta will be able to change several Facebook provisions that will not conflict with the DMA. Negotiations are still ongoing and a final decision has not yet been made. If an agreement is reached, the tech giants will be able to avoid European fines, the largest of which reaches 5% of average daily global revenue.
Meta, for its part, confirmed that negotiations are ongoing and are “constructive“.
The EU Digital Markets Act, which comes into force in 2023, establishes a series of rules and restrictions on tech giants Meta, Google and Apple to prevent them from violating competition rules. In recent years, the European Commission has issued a number of important antitrust decisions and imposed multi-billion euro fines on leading US digital corporations, including Meta, Microsoft, Google and Amazon, for violating EU competition rules in the digital market, entire sectors of which are effectively controlled by these US companies.