Date
17 August 2017
European authorities could announce a record anti-trust fine on Google as early as next month, according to a report. Photo: Bloomberg
European authorities could announce a record anti-trust fine on Google as early as next month, according to a report. Photo: Bloomberg

Google said to face record 3 bln euro EU anti-trust fine

The European Commission may soon impose a record fine of around 3 billion euros (US$3.4 billion) on Google after finding that the online search giant abused its market dominance in the region, UK’s Telegraph newspaper reported over the weekend, citing sources.

The fine would surpass the EU’s toughest anti-trust punishment to date, a 1.1 billion euro fine levied on Intel Corp, the paper said.

In a case that has dragged on for more than five years, European authorities have accused Google of promoting its shopping service in Internet searches at the expense of rival services.

The fine over shopping comparison is likely to take account the fact that Google abused its monopoly on general web search over many years, the report said.

The European Commission may also seek to make an example of the company over changes to its algorithms that made it even harder for competitors to thrive, as well as what some officials now see as its delaying tactics during the investigation, it said.

As well facing as a heavy fine, Google will be banned from continuing to manipulate search results to favor itself and harm rivals, according to the report.

– Contact us at [email protected]

RC

EJI Weekly Newsletter

Please click here to unsubscribe