#AceNewsReport – June.04: EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the U.S. company #AceNewsDesk reports
Published on June 02, 2017 at 12:40PM The Independent Reports: The European Commission’s decision will come after a seven-year investigation into the world’s most popular internet search engine was triggered by scores of complaints from both U.S. and European rivals.
Fines for companies found guilty of breaching EU antitrust rules can reach 10 percent of their global turnover, which in Google’s case could be about $9 billion of its 2016 turnover. Apart from the fine, the Commission will tell Google to stop its alleged anti-competitive practices but it is not clear what measures it will order the company to adopt to ensure that rivals get equal treatment in internet shopping results.
The company has also been charged with using its Android mobile operating system to squeeze out rivals and with blocking competitors in online search advertising related to its “AdSense for Search” platform. The platform allows Google to act as an intermediary for websites such as online retailers, telecoms operators or newspapers.
The Commission has warned of massive fines in both cases as Google faces $9 billion fine in #Europe for manipulating what users see https://t.co/6jFzpTwidc https://t.co/6i1KseGjIO
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