UK designates Apple and Google
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The regulator has given it "strategic market status", opening the door to what it calls "proportionate interventions."
The UK's Competition Markets Authority has designated Google as having Strategic Market Status, meaning the company has substantial and entrenched market power. According to a new regulation filed on Friday, suggestions to fix this designation could change how the online search giant operates within the country.
The U.K.'s competition watchdog has imposed a tighter regime on the way Google handles search and search advertising—and the company isn't happy.
Google could be forced to change its search operations in the UK after it became the first company subject to new powers from Britain's competition regulator to tackle the dominance of Big Tech.
Alphabet-owned Google has agreed to invest a multimillion-pound sum in an instrument which could convert into an equity stake in THG Ingenuity at a valuation of £750m or more, Sky News understands.