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Yeah, they'll all just set up new opcos in the EU to carry on doing business, rather than actually selling up.
by d1sxeyes 2y ago
Yeah, they'll all just set up new opcos in the EU to carry on doing business, rather than actually selling up.
- WJW 2y agoThe goal of such regulation would be to reduce the amount of influence US tech billionaires can exert over the EU. Any regulation would be written with that in mind, so an opco which would still be controlled from the US is not in line with that goal. At the very least, regulation could enforce that any opcos (more joint ventures at that point) would be at least 51% owned and operated by EU entities.