A PYMNTS Company

E.U.: Commissioner Almunia expects Google to offer settlement agreement in January

 |  December 19, 2012

As reports are emerging that a settlement between Google and the U.S. Federal Trade Commission will most likely be delayed until 2013, E.U. Competition Commissioner Joaquin Almunia said in a statement Wednesday that the other ongoing case between Google and the European Commission will also likely be settled next year. Commissioner Almunia said in a statement that Google should send offerings to the Commission next January. The statement was released after Almunia met with Eric Schmidt, Google Chairman, on Wednesday. Almunia’s statement was released via email after the meeting and emphasized a desire to continue efforts to reach an agreement and settle the charges, noting that the two have “substantially reduced our differences” since they first began discussions last July.

Full Content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.