June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Tech regulation advocate shortlisted for French antitrust chief - sources

Published 10/11/2021, 04:43 am
Updated 10/11/2021, 04:53 am
© Reuters. FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration
BOUY
-
GOOGL
-
AAPL
-
META
-
GOOG
-

By Mathieu Rosemain, Gwénaëlle Barzic and Michel Rose

PARIS (Reuters) - Anne Perrot, an economist who has written in the past about the need for more regulation of Big Tech, is on the final short list to become France's new antitrust chief, three sources close to the matter said.

The role is deemed strategic by Paris as it seeks to tame the dominance of U.S. tech giants such as Facebook (NASDAQ:FB), Alphabet (NASDAQ:GOOGL)'s Google and Apple (NASDAQ:AAPL), while the European Union considers new regulation of the sector, the sources said.

The French antitrust body is in the midst of probing the merger of France's two biggest private TV networks, Bouygues (PA:BOUY)' TF1 and Bertelsmann's M6, in a very sensitive deal that would see the combined entity have sway over nearly three quarters of advertising on television and redefine the rules in the field.

No final decision has been taken yet on the nomination, which may take several weeks to be finalised, the three sources said. The sources declined to say how many people were on the shortlist.

Perrot, 63, is a top civil servant at the French finance ministry.

The Elysée declined to comment on what it called "rumours". Perrot and the finance ministry declined to comment.

Holding doctorates in economics and mathematics, Perrot has written several research papers on competition and large online tech firms, one of which, published last year, is entitled "Digital platforms: regulating them before it's too late".

She also co-authored a report in 2019 that calls for European antitrust policy to be reformed to allow the emergence of European champions, something French President Emmanuel Macron has been pushing for since his election.

"It's important to have someone who has a new ideas about competition," a fourth source close to the French government said, speaking in general about the search for a new anti-trust chief.

© Reuters. FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

Perrot knows the French antitrust world well, having served as co-chair of the antitrust authority and having been part of a consultancy firm, Mapp, that specialises in competition matters. It was sold in 2018 to audit giant KPMG.

In April 2017, she co-signed an op-ed in newspaper Le Monde calling on people to vote for Macron, a month before he was elected president.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.