The European Commission could ask Google to shell out around a whopping €3 billion in fines in the ongoing EU antitrust case where it is accused breaching rules by abusing its dominant position in the online search market.
It is understood that the European Commission is aiming to hit Google with a fine in the region of €3bn, a figure that would easily surpass its toughest anti-trust punishment to date, a €1.1bn fine levied on the microchip giant Intel.
The stakes have been further raised by a new investigation into alleged monopoly abuse related to Google’s Android smartphone software. As well as facing a heavy fine, Google will be banned from continuing to manipulate search results to favour itself and harm rivals.
"Sources close to the situation said officials aimed to make an announcement before the summer break and could make their move as early as next month, although cautioned that Google’s bill for crushing competition online had not been finalized," a recent Telegraph report said.
Source | Via
It is understood that the European Commission is aiming to hit Google with a fine in the region of €3bn, a figure that would easily surpass its toughest anti-trust punishment to date, a €1.1bn fine levied on the microchip giant Intel.
The stakes have been further raised by a new investigation into alleged monopoly abuse related to Google’s Android smartphone software. As well as facing a heavy fine, Google will be banned from continuing to manipulate search results to favour itself and harm rivals.
"Sources close to the situation said officials aimed to make an announcement before the summer break and could make their move as early as next month, although cautioned that Google’s bill for crushing competition online had not been finalized," a recent Telegraph report said.
Source | Via
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