France, which currently holds the rotating EU presidency, said in a tweet that there was a provisional agreement after eight hours of talks between negotiators for the Parliament and the Council (representing the governments of member states).
The European Commission has welcomed the agreement. “What we want is simple: fair markets also in digital. Large gatekeeper platforms have prevented businesses and consumers from the benefit of competitive digital markets,” said EU anti-trust chief Margrethe Vestager, who proposed the rules just over a year ago.
Meanwhile, EU industry chief Thierry Breton said in a separate tweet that the deal would ensure fair and open digital markets.
EU lawmaker Andreas Schwab, who had steered the debate in European Parliament, added: “This means that the time of long anti-trust cases, during which the authorities were lagging behind the big tech companies, is over.”
The Digital Markets Act (DMA) sets out rules for online gatekeepers...