Vestager weighs new powers to take on tech giants, China M&A

Vestager at European Union headquarters in Brussels, Belgium May 29. Vestager is looking at how enforcers could prevent tech giants from exploiting their dominance before competition is wiped out. — Reuters

Margrethe Vestager, the European Union’s antitrust chief, is weighing the need for tougher powers to protect the bloc’s economy from the twin threats of Silicon Valley and China.

Vestager asked for feedback on June 2 about a potential new tool to intervene on markets – such as technology – before it’s too late for competition to be saved.