Google: facing €6billion fine?

Monday 23rd May 2016
Alphabet Inc courtesy en.wikipedia.org

Reuters reports that Google, part of Alphabet Inc, faces a record antitrust fine of around €3 billion from the EU Commission in the coming weeks according to the “Sunday Telegraph”.

The European Union has accused  Google of promoting its shopping service in Internet searches at the expense of rival services, in a case that has dragged along since late 2010. Several of those familiar and following  development told Reuters last month that they believed that after three failed attempts at a compromise over the past six years,  Google now has no plans to try to settle allegations, unless the EU watchdog changes its attitude.

Sources close to the situation are cited by the Telegraph declaring that officials planned to announce the fine as early as June, but  the bill has not yet been finalised. Google will also be banned from  manipulating search results to favour itself and harm rivals, the newspaper said.

The European Commission can fine firms up to 10 percent of  annual sales.  In Google's situation that would suggest a maximum sanction of more than €6 billion.
To date, the biggest antitrust fine has been the nine-year outcome of €1.06 billion levied on electronics chip-maker Intel, in May 2010,

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