Google may face €3 billion fine in EU antitrust case
It looks like Google will face a record €3 billion fine in the latest EU antitrust case. The regulator said that Google abused its dominant position with Android by bundling its own services like Google Search as default, making it harder for other companies to compete.
From The Telegraph:
It is understood that the European Commission is aiming to hit Google with a fine in the region of €3bn, a figure that would easily surpass its toughest anti-trust punishment to date, a €1.1bn fine levied on the microchip giant Intel.
Sources close to the situation said officials aimed to make an announcement before the summer break and could make their move as early as next month, although cautioned that Google’s bill for crushing competition online had not been finalised.
The maximum fine that can be levied on the search giant is €6.6 billion, or a tenth of Google’s annual revenues.
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