European Union regulators are keeping their options open as to whether to sanction Google for abusing its market power or settle the long-running case with the company, Europe’s chief competition regulator said on Wednesday.
The comments by European Competition Commissioner Margrethe Vestager came as her officials reviewed Google’s response to EU charges laid out in April and waited for feedback from more than a dozen complainants.
The European Commission has accused the world’s most popular Internet search engine of favoring its shopping service in delivering search results at the expense of rivals.
Vestager said she had made no final decision.
“At this time it’s still open as to how it will end. It can take different routes, there is no decision yet on our side at least as to how it should end,” Vestager told reporters.
Vestager can either fine the company up to $6.6 billion euros and order it to stop its anti-competitive business practices or give it the opportunity to change its practices without any sanction or finding of wrongdoing.
Full content: Bloomberg
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI