(Bloomberg) — The UK’s antitrust watchdog will start two investigations this month into some of the largest tech companies using its expanded powers to curb dominance in digital markets, the regulator said without naming the firms that could come under the net.
The Competition and Markets Authority will open the probes into activities of firms designated as having “Strategic Market Status” in relation to two areas of digital activity in January, the watchdog said. The new rules came into effect this month after being first trailed almost four and a half years ago.
Each investigation must be completed in nine months and the CMA will consult on proposed conduct requirements by the firms in parallel with the investigations. “This will help ensure that action can be taken, and the benefits felt, as quickly as possible by people and businesses across the UK,” the regulator said.
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