We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedGovernance

Google conceeds to avoid EU antitrust fine


Google says it is committed to working with the EC to resolve the regulator's concerns

Article comments

Google chairman Eric Schmidt has written to Europe's top antitrust authorities with proposals aimed at avoiding a fine for anti-competitive behavior and abuse of its dominant market position.

The European Commission confirmed on Monday that a letter had been received from Schmidt, but declined to give details of the proposals.

Google is accused of using its search service to direct users to its own products and to reduce the visibility of competing websites and offerings. The complaints were first lodged by French search engine eJustice.fr and the UK-based Foundem in 2010.

But 14 other companies followed their lead, including Microsoft-owned German price comparison site Ciao, Dutch football website Elfvoetbal, French companies Dealdujour.pro and Twenga, British online mapping company Streetmap and online travel sites Expedia and Tripadvisor.

The EC extended the case into a full investigation in November last year to determine whether Google's algorithm unfairly penalises rivals.

There are also allegations that Google may have copied travel and restaurant reviews from competing sites without their permission and that its contractual restrictions may prevent advertisers from moving their online campaigns to rival search engines.

Competition commissioner Joaquin Almunia said last month that Google would receive a formal antitrust complaint if the company's settlement proposals are unsatisfactory. A guilty finding would mean that the EC could restrict Google's business activities in Europe and fine the company up to 10 percent of its annual global revenue, which was US$37.9 billion last year.

Google's spokesman in Brussels Al Verney said that the company was committed to working with the EC to resolve the regulator's concerns and that the proposals address all four issues that the EC has raised.

Both Google and the EC will want to see the matter concluded quickly to avoid a situation like the Microsoft antitrust case, which dragged on for 10 years. Meanwhile, US regulators will be watching closely, since the search giant is under a similar investigation there.

Share:

Recommended Articles

Comments

Google conceeds to avoid EU antitrust fine
Governance

What’s going to kill your company?

What’s going to kill your company?

The role of the CFO and the board in strategic risk governancemore ..


Microsoft removes Bing image widget after Getty lawsuit

The company is being sued by Getty Images for copyright infringementmore ..

Apple loses bid for sales ban in Samsung patent case

Apple failed to show that it suffered enough harm as a result of Samsung's infringementmore ..

Steatite wins MoJ's electronic tagging contract worth £76.5m

Serco and G4S lost the contract after overcharging scandalmore ..

What makes a good board report?

Examining how CFOs can improve the way they report back to the boardmore ..

Examining the issue of corporate litigation funding

Litigation funding is a very useful tool for CFOs but not a panacea for all legal mattersmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *