Google, Facebook ‘Very Close’ to Deals with Australian Media

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Google and Facebook area unit “very close” to deals with major Australian media to shop for news, a high government official aforementioned Monday as a result of the varsity giants scramble to avoid landmark regulation.

Australian money dealer teases Frydenberg aforesaid talks with Facebook chief executive officer Mark Zuckerberg and Google chief executive officer Sundar Pichai had created “great progress” in partitioning a standoff being closely watched around the world.

Australia is poised to adopt legislation that will force digital firms to buy news content, one thing that will produce a worldwide precedent and, in keeping with Facebook and Google, wreck the manner the networks. the businesses have vulnerable to partly withdraw services from the country if the principles become law, sparking a war of words with the national capital.

But that disagreement looked as if it would ease Monday, with Frydenberg telling public broadcaster ABC’s that talks with the businesses “made nice progress throughout the weekend”.

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