Google loses fight against $2.7 billion
EU antitrust fine
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[September 10, 2024]
By Foo Yun Chee
BRUSSELS (Reuters) -Alphabet's Google on Tuesday lost its fight against
a 2.42 billion euro ($2.7 billion) fine levied by EU antitrust
regulators seven years ago, one of a trio of hefty fines meted out to
the company for various anti-competitive practices. |
The logo for Google is seen at the Google Store Chelsea in Manhattan,
New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo |
The
European Commission fined the world's most popular internet
search engine in 2017 for using its own price comparison
shopping service to gain an unfair advantage over smaller
European rivals.
A lower tribunal had endorsed the EU competition enforcer's
decision in 2021, prompting Google to appeal to the
Luxembourg-based Court of Justice of the European Union.
CJEU judges noted that EU law does not sanction the existence of
a dominant position, but its abusive exploitation.
"In particular, the conduct of undertakings in a dominant
position that has the effect of hindering competition on the
merits and is thus likely to cause harm to individual
undertakings and consumers is prohibited," they said.
Google has racked up 8.25 billion euros in EU antitrust fines in
the last decade. It has challenged two rulings involving its
Android mobile operating system and AdSense advertising service,
and is now waiting for the judgments.
It is also fighting EU antitrust charges issued last year that
could force it to sell part of its lucrative adtech business
after regulators accused it of favouring its own advertising
services.
The case is C-48/22 P Google and Alphabet v Commission (Google
Shopping).
($1 = 0.9060 euros)
(Reporting by Foo Yun Chee and Marine Strauss; Editing by David
Goodman and Jan Harvey)
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