While reports have emerged that Google has, in fact, submitted last-minute concessions to settle the European Commission’s investigation into the search giant, the details of that settlement remain unknown. The Commission has not only declined to outline the settlement to the press, but has also refused to offer a timetable it would follow to set a deadline to complete that settlement proposal’s assessment. Commissioner Joaquin Almunia has stated that Google is at risk for being found in violation of competition law in up to four areas involving how the company presents search results. If the settlement offer is not sufficient to end an the investigation and remedy concerns, Google faces up to a 10 percent of its worldwide turnover in fines.
Full Content: European Voice
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