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Split of Google's business still on the table, new EU competition chief says
Mint Mumbai
|December 06, 2024
The US has urged broader divestments to address Google's alleged stranglehold on online search
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A potential split of Google's business is still under consideration, according to Teresa Ribera, the European Union's (EU) new competition chief, who also pledged to build bridges with incoming US President Donald Trump.
Ribera, a Spanish socialist who started her five-year term this week, said in an interview with Bloomberg Television that divestments—touted by her predecessor Margrethe Vestager and the US Department of Justice for the Alphabet Inc. unit—are one way of preventing Big Tech firms grabbing too much market power.
"It's something that is of course on the table, and we try to work together with other relevant competition authorities worldwide, including the US competition authorities," she said.
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