Tech platform will pay media conglomerate an undisclosed fee to use its content.
As Facebook pulls news sites offline, prime minister Scott Morrison is unbowed, telling social media users he "won't be intimidated" by big tech.
In a blog post that paints a dire picture for consumers, the tech giant says the proposed law gives an "unfair advantage" to news media businesses, putting the company's free services "at risk".
Bill proposed by prime minister on Saturday introduces fine and jail time as punishment for breaches.
Coalition of tech brands says it’s “deeply disappointed” over bill calling for up to S$1 million fines for social networks.
Regulator says tie-up severely reduced competition and rebuked the brands for completing the deal before informing it.
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