Amazon's and Microsoft's cloud units set to fall under EU's Digital Markets Act: report

[Brussels EU European Union Flags Waving Berlaymont Building European Commission] Mlenny/iStock via Getty Images Amazon Web Services (AMZN [https://seekingalpha.com/symbol/AMZN]) and Microsoft Azure (MSFT [https://seekingalpha.com/symbol/MSFT]) are expected to be placed under the regulatory authority of the European Union's Digital Markets Act, according to Bloomberg, which cited people familiar with the situation. EU regulators are preparing to release the results of an investigation to determine if the cloud businesses meet the criteria to fall under the DMA. Sources indicated the cloud businesses indeed do qualify, and the final decision is set for issuance as soon as November, according to the report [https://www.bloomberg.