Competitors are taking their last chance to convince European Commissioner Joaquin Almunia that the planned settlement with Google over allegations of anticompetitive behavior is a mistake, according to reports.
Original complainants against Google, including its largest rival Microsoft, are reportedly meeting with regulators to thwart the settlement. According to reports, companies have met with officials in Brussels in the last two weeks.
Almunia was met with a wave of criticism from Google competitors – and even some fellow Commissioners – for his planned closing of the case, which would save Google from potentially billions of dollars in fines. The deal, opponents say, does not do enough to address concerns over the way Google displays rivals’ ads, and could potentially make the situation even worse, they say.
Almunia has since said he would consider modifying the settlement agreement but has generally shied away from turning back on the settlement.
The Commission will make a final, binding decision on the matter later this year, reports say.
Full content: New Zealand Herald
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
NCAA Faces Potential $2.7 Billion Settlement in Landmark Suit
May 5, 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