Officials of the European Union reached an agreement on Friday for the wording of the Digital Markets Act, a new proposal that would crack down on Big Tech and limit the powers of these companies in the region. France, which holds the rotating presidency of the European Commission, announced via a tweet on Friday that a deal had been reached on the Digital Markets Act (DMA), a landmark package addressing technology companies operating in the EU, after several years in which European antitrust regulators experienced frustration at the The tweet includes a video embedded of European Commission executive vice president Margrethe Vestager in which she celebrates the regulatory breakthrough. “I think that everyone sees that we have achieved something which is unprecedented: the legislation that paves the way for open, fair, contestable digital markets, so that everyone has a fair chance of making it—because the gatekeepers, they will now have …