Google Loses Fight Against $2.7 Billion EU Antitrust Fine

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

Loses ****** Against $2.7 Billion EU Antitrust Fine

Alphabet’s

This is the hidden content, please

• Sign In
• or
• Sign Up

on Tuesday lost its ****** against a EUR 2.42 billion ($2.7 billion or roughly Rs. 22,673 crore) 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 ********* 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 ********* rivals.

A lower tribunal had endorsed the EU competition enforcer’s decision in 2021, prompting

This is the hidden content, please

• Sign In
• or
• Sign Up

 to appeal to the Luxembourg-based Court of Justice of the ********* 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.

This is the hidden content, please

• Sign In
• or
• Sign Up

has racked up EUR 8.25 billion (roughly Rs.76,436 crore) 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

This is the hidden content, please

• Sign In
• or
• Sign Up

and Alphabet v Commission (

This is the hidden content, please

• Sign In
• or
• Sign Up

Shopping).

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

This is the hidden content, please

• Sign In
• or
• Sign Up

#

This is the hidden content, please

• Sign In
• or
• Sign Up

#Loses #****** #Billion #Antitrust #Fine

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up