Amid allegations of spying by various US-based technology firms, some EU authorities have called for domestic IT groups to ban together and rival US giants.
The idea, reports say, would be to create the equivalent of an ‘IT Airbus;’ Airbus was created through EU aviation groups joining together in 2001 to rival the US mega-airliner Boeing.
Germany’s largest IT firm SAP, however, has rejected such an idea, saying the move would threaten competition and innovation.
”A merger between some European IT companies with the aim of drawing a line between them and the rest of the global market does not make any sense,” SAP co-chief executive Jim Hagemann said Wednesday.
The problem, he said, is that IT is a global industry that cannot be concentrated in one geographical area to combat another.
But some politicians who favor the idea say IT firms including Merkel would allow the EU to be less dependent on US dominating tech groups including Google and Microsoft.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI