Court backs Google’s challenge to the EU’s $1.7 billion antitrust fine

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Court backs

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’s challenge to the EU’s $1.7 billion antitrust fine

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Nikolas Kokovlis | Nurphoto | Getty Images

The ********* Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on

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by regulators should be annulled, siding with the U.S. tech giant after it challenged the ruling.

The case stems from 2019 when the ********* Commission, the EU’s executive arm, said

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had abused its market dominance in relation to a product called AdSense for Search. This product allowed website owners to deliver ads into the search results on their own pages.

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acts as an intermediary allowing advertisers to serve ads via search on third-party websites.

But the Commission alleged that

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abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites, which ultimately prevented rivals from placing their search ads on these websites.

The Commission fined

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1.49 billion euros at the time.

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appealed, sending the case to the EU’s General Court.

The EU’S General Court said Wednesday that it “upholds the majority of the Commission’s findings” but “annuls the decision by which the Commission imposed a fine of” nearly 1.5 billion euros.

The ********* Commission and

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were not immediately available for comment when contacted by CNBC.

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#Court #backs #Googles #challenge #EUs #billion #antitrust #fine

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