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UK scraps tougher Big Tech merger-review standard, stays quiet on law to back digital regulator

By Victoria Ibitoye ( May 6, 2022, 13:45 GMT | Insight) -- Plans to toughen the standard under which mergers by the largest tech companies are reviewed in the UK have been dropped in the government's latest proposals to empower its digital markets regulator. Responding to a consultation, the government today reaffirmed its intention to give its new Digital Markets Unit statutory powers but did not confirm when legislation would be put forward. It also watered down mandatory merger reporting proposals for Big Tech companies.Plans to toughen the standard under which mergers by the largest tech companies are reviewed in the UK have been dropped in the government's latest proposals to empower its digital markets regulator....

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