The European Commission’s head Joaquin Almunia announced Tuesday that concessions recently offered by Google to end a three year-long investigation could be accepted, say reports.
Almunia spoke before the European Parliament to offer his opinion on Google’s offer, suggesting the concessions could resolve concerns that the search giant is abusing its dominance in how it displays search results.
Google has been probed by the Commission for about three years as rivals accuse the firm of squeezing them out of the market by failing to display rivals’ search results; the companies that stand against Google include Microsoft and price comparison site Foundem.
Almunia declined to outline the exact details of Google’s offer, which was revised following a rejected set of initial concessions, though he said the Commission has reached “a key moment in this case,” describing Google’s offer as having “significant improvements.”
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 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