Menu
A huge fine for Google could come soon in EU antitrust investigation

A huge fine for Google could come soon in EU antitrust investigation

A $3.4 billion fine could be announced by this summer, one report says

Google could face a record fine of up to €3 billion (US $3.4 billion) as soon as early next month as part of a six-year European Commission antitrust investigation into the company's search engine dominance, according to a news report.

A fine in the European Commission's long-running investigation, launched in November 2010, is expected by summer, according to a report in The Telegraph, which cited anonymous sources.

The $3.4 billion fine cited in the report would be less than the maximum allowed, which is 10 percent of Google's worldwide revenue, or about $7.5 billion.

A report from Politico questioned the timing of the potential fine laid out The Telegraph article, suggesting the commission wasn't close wrapping up its investigation.

The search engine investigation is one of two antitrust queries targeting Google at the European Commission. The commission is also investigating whether Google uses its Android operating system to hinder alternatives to its own smartphone mapping, search, and app store services.

A Google spokesman declined to comment on The Telegraph story.

A representative of competition Commissioner Margrethe Vestager said the Google search investigation continues. "We have no comment on the press speculations," the representative said by email.

The commission, in April 2015, charged Google with abusing its dominant position in Internet search services in Europe by systematically favoring its own comparison shopping product, Google Shopping.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Slideshows

Meet the leading HP partners in New Zealand...

Meet the leading HP partners in New Zealand...

HP has recognised its top performing partners in New Zealand at the second annual 2016 HP Partner Awards, held at a glittering bash in Auckland. The HP Partner Awards recognises and celebrates excellence, growth, consistency and engagement of its top partners. This year also saw the addition of several new categories, resulting in 11 companies winning across 11 award categories.

Meet the leading HP partners in New Zealand...
Channel comes together as Ingram Micro Showcase hits Auckland

Channel comes together as Ingram Micro Showcase hits Auckland

Ingram Micro outlined its core focuses for 2017 at Showcase in Auckland, bringing together the channel for a day of engaging keynotes, compelling breakout sessions and new technologies.

Channel comes together as Ingram Micro Showcase hits Auckland
Show Comments