Digital Markets, Competition and Consumers Bill
The following is an extract from the Second Reading debate on the Digital Markets, Competition and Consumers Bill on 17 May 2023.
Between 2009 and 2019, GAFAM—Google, Apple, Facebook, Amazon and Microsoft—made more than 400 acquisitions without any regulatory intervention or referral through the voluntary mechanisms.
[Official Report, 17 May 2023, Vol. 732, c. 880.]
Letter of correction from the Under-Secretary of State for Business and Trade, the hon. Member for Thirsk and Malton (Kevin Hollinrake):
An error has been identified in my opening speech in the Second Reading debate.
The correct information should have been:
Between 2009 and 2019, GAFAM—Google, Apple, Facebook, Amazon and Microsoft—made more than 400 acquisitions with minimal regulatory intervention or referral through the voluntary mechanisms.