Google Could Be Days Away From $1 Billion EU Antitrust Fine
June 26 2017 - 3:29AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--The European Union's antitrust watchdog will as soon
as this week hit Alphabet Inc.'s Google with a fine of more than
EUR1 billion ($1.12 billion) and demand changes to the company's
business practices, according to people familiar with the
matter.
The European Commission, which has for roughly seven years been
investigating Google for breaching the bloc's antitrust rules in
various areas, is poised to announce this week that Google has
manipulated search results to favor its own comparison-shopping
service. Other formal EU probes into Google's behaviors with its
Android mobile-operating service and AdSense advertising service
are still ongoing.
The antitrust penalty against Google is expected to surpass the
EU's previous record fine imposed on a company for allegedly
abusing its market position: EUR1.06 billion against Intel Corp. in
2009.
"We continue to engage constructively with the European
Commission and we believe strongly that our innovations in online
shopping have been good for shoppers, retailers and competition,"
said Google spokesman Al Verney.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
June 26, 2017 04:14 ET (08:14 GMT)
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