The European Union threatened to levy fines on Google Inc. that would be large enough to act as a deterrent after accusing the US search-engine giant of squeezing out rivals in the comparison-shopping market.
The EU’s competition watchdog told Google it could face a fine based on its AdWords revenue stemming from European users, according to a version of the statement of objections released to complainants and seen by Bloomberg. The EU also said it may tell Google to make changes to how its shopping services are displayed.
The European Commission “intends to set the fine at a level which will be sufficient to ensure deterrence,” the EU regulator said in the document. The regulator “considers that, based on the facts described in this statement of objections, Google committed the infringement intentionally or, at the very least, negligently.”
Full content: The New York Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI