EU hits Google with record 2.42bn-euro antitrust fine - News Summed Up

EU hits Google with record 2.42bn-euro antitrust fine


The Commission found that Google had systematically given prominent placement in searches to its own comparison shopping service and demoted those of rivals in search results. "What Google has done is illegal under EU antitrust rules. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation," European Competition Commissioner Margrethe Vestager said in a statement. European Competition Commissioner Margrethe Vestager takes a photograph as she holds a news conference at the EU Commission's headquarters in Brussels, Belgium, on Jun 27. This is the biggest fine for a single company in an EU antitrust case, exceeding a 1.06-billion-euro sanction handed down to US chipmaker Intel in 2009.


Source: bd News24 June 27, 2017 10:30 UTC



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