SAN FRANCISCO — Facebook said on Monday that it would restore the sharing and viewing of news links in Australia after gaining more time to negotiate over a proposed law that would require it to pay for news content that appears on its site.
The social network had blocked news links in Australia last week as the new law neared passage. The legislation includes a code of conduct that would allow media companies to bargain individually or collectively with digital platforms over the value of their news content.
Facebook had vigorously objected to the code, which would curb its power and drive up its spending for content, as well as setting a precedent for other governments to follow. The company had argued that news would not be worth the hassle in Australia if the bill became law.
But on Monday, Facebook returned to the negotiating table after the Australian government granted a few minor concessions. Under several amendments to the code, Facebook would get more time to cut deals…