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Facebook partners with Australia’s largest media company as it reverses news ban

The social media was contesting a proposal to make tech giants pay for the content reposted from news organisations

Facebook Inc - Facebook partners with Australia’s largest media company as it reverses news ban

Facebook Inc (NASDAQ:FB) has signed a partnership with Australia’s largest media company hours after reversing the ban on news implemented last Thursday.

The social media giant will host news provided by Seven West Media, which owns the prominent Seven Network, The West Australian, The Sunday Times and Seven Studios among others.

READ: Google agrees to pay for News Corp journalism as Facebook blocks news in Australia over new law

Earlier on Tuesday, Australian Treasurer Josh Frydenberg told reporters Facebook had “re-friended Australia”.

Mark Zuckerberg’s empire was contesting a proposal to make tech giants pay for the content reposted from news organisations.

MPs are now debating the law in the Senate after it was approved in the lower house last week.

Also a week ago, Seven West Media clinched a deal with Alphabet Inc’s (NASDAQ:GOOG) Google to provide content for the News Showcase platform, becoming the first Australian media outlet to secure such a partnership.

Shares in Facebook were flat at US$260.33 in after hours trading.

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