European Commissioner Juaquin Almunia said the regulator would be forced to take the “tougher” route to solve the current case with Google if negotiation talks break down. In a speech made in Madrid on Thursday, Almunia assured the Commission would send a statement of objections and potentially a ban on certain practices by Google for which the search giant is under investigation. Rivals of the company recently called for the watchdog to reject a settlement offer made by Google, labeling the concessions inadequate and potentially opening the door for future abuses. Earlier this week EU deputy director-general for antitrust Cecilio Madero confirmed the regulator has received “very negative” feedback from competitors concerning Google’s offer. Almunia stated, however, that he will continue on the assumption that a settlement is possible and that, if reached, the matter would be resolved by the end of the year.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google Knew Publishers Would Resist Ad Sales Changes, According to Internal Documents in Antitrust Trial
Sep 13, 2024 by
CPI
Federal Antitrust Trial Explores Potential Impact of Tapestry-Capri Merger
Sep 12, 2024 by
CPI
Australia Targets Big Tech with New Fines for Misinformation
Sep 12, 2024 by
CPI
Mastercard to Acquire Cybersecurity Firm Recorded Future for $2.65 Billion
Sep 12, 2024 by
CPI
Ireland Prime Minister: Apple’s €13 Billion Payment Could Fund Housing and Capital Projects
Sep 12, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández