Monday, May 16, 2016

Google is facing a record antitrust fine – El Universal

Google faces antitrust fine close record to 3 billion euros (3 billion 400 million dollars) from the European Commission in the coming weeks, published by the British newspaper Sunday Telegraph.

The European Union accuses Google to promote its shopping service Internet searches at the expense of rival services in a case that has dragged on since late 2010.

Several people familiar with the matter told Reuters last month that he believed that after three failed to reach a compromise in the last six years attempts, Google now had no plans to try to resolve the allegations, unless the regulator EU change its position.

the Telegraph quoted sources close to the situation said officials planned to announce the fine as soon as next month, but had not yet been finalized .

a Google will also prohibit further manipulate search results to advantage themselves and hurt their rivals, the newspaper reported.

the Commission can impose fines on companies of up to 10 percent of its annual sales, which in the case of Google would be a maximum penalty possible of more than 6 billion euros.

the largest antitrust fine to date was a thousand 100 million euros at chipmaker Intel in 2009. the Commission declined to comment, while Google did not immediately respond to a request to discuss the issue.

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