Dikhyaa Mohanty 
As per the top government officials, Google and Facebook are very close to deal with larger Australian media to pay for the news as the tech giants scramble to withdraw landmark regulation.
Australian Treasurer Josh Frydenberg stated that there are discussions with Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai and both have also made great headway in determining a deadlock being strictly observed around the world.
According to Facebook and Google, Australia is poised to approve legislation that would push digital companies to pay for news content, something that would create a global criterion and destroy the way the internet works. The companies have approached to partly eliminate services from the country if the rules become law.
But that disagreement resembled to expedite with Frydenberg stating that they have made great progress throughout the weekend. He said that he thinks that they are very close to some very significant commercial deals and in doing so that will transform the domestic media landscape.
The agreements could be acceptable to see Facebook and Google avoid the most difficult parts of the legislation including obligatory intervention to guarantee they are not using their online advertising duopoly to command terms in deals with media companies.
According to Google’s spokesperson, the company was in discussions with publishers both large and small but as per Facebook spokesperson, the firm had been negotiating to land commercial deals that reflect the commercial value of news content on our platform.
News Source – TOI
Image Source – Google
