Confirming earlier reports, European Commissioner Joaquin Almunia released a statement early Wednesday confirming progress made with Google and the antitrust case regarding how Google displays rival search results.
According to reports, Google’s third round of concessions to settle the matter are considered a vast improvement by the Commission in addressing competition concerns, effectively settling the dispute. Almunia announced Wednesday he would accept the proposals.
In a statement, Almunia said he believes “the new proposal obtained from Google after long and difficult talks can now address the Commission’s concerns.”
With the acceptance of the settlement offer – Google’s third attempt to settle competition concerns – Google will avoid fines that could have reached up to $5 billion.
The offer
The search giant’s offer reportedly includes displaying rivals’ logos and URL links in a prominent display when search results show up. Further, say reports, Internet content providers will be able to choose which Google material to use for its services.
Google is also said to be planning to end restrictions on advertisers’ ability to move campaigns to rival search engines.
Google holds a 75 percent share of the search engine market in Europe, consultancy firm comScore reports.
Rival input
Update: The most recent reports say Almunia has confirmed he will accept Google’s third proposal without third-party input. But the Commission’s decision not to consult rivals who lodged original complaints sparked fury among critics.
A representative for Microsoft-backed lobbyist ICOMP responded to the news by saying accepting the offer without consulting competitors is like “having the wool pulled over [Almunia’s] eyes.”
A second probe
While Google may be able to avoid a fine and end this investigation with the European Commission, the company is facing yet another probe by EU authorities regarding its Android smartphone operating system. The Commission launched an investigation regarding allegations Google anticompetitively diverts smartphone Internet traffic to its search engine.
Microsoft-backed lobbyist group FairSearch is among the complainants.
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
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI