Microsoft supports Australia's proposed new media laws targeting Google, Facebook

Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giant Google and social media heavyweight Facebook Inc to pay domestic media outlets for their content.

"While Microsoft is not subject to the legislation currently pending, we'd be willing to live by these rules if the government designates us," the software giant said in a statement.

Both Alphabet Inc's Google and Facebook have called the laws unworkable and said last month they would withdraw key services from Australia if the regulations went ahead.

Also read: Facebook is asking iPhone users to accept users tracking, you should refuse if you care about privacy