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LAW: ANTITRUST LAW :
EUROPEAN UNION :
BUSINESS: CORPORATIONS: NAMED CORPORATIONS: GOOGLE:
EU to Announce Antitrust Moves Against Google
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EU to Announce Antitrust Moves Against Google
World
April 15, 2015 | 07:15 AM
Julia Fioretti
Reuters
Daily Star
http://www.dailystar.com.lb/News/World/2015/Apr-15/
294487-eu-to-announce-antitrust-moves-against-google.ashx
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A shorter URL for the above link:
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http://tinyurl.com/obxn2pp
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BRUSSELS: The European Union will accuse Google on Wednesday of abusing
its dominant position in Internet searches, opening the U.S. tech company
up to a risk of massive fines and enforced changes in its business model,
the Financial Times and Wall Street Journal said.
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However, two sources familiar with the matter told Reuters that a formal
antitrust charge sheet will not be ready for Wednesday and could take
several more months to draw up. The EU can impose fines of up to 10
percent of global turnover, or more than $6 billion in penalties in
Google's case.
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An EU official said Competition Commissioner Margrethe Vestager would make
an important announcement about Google on Wednesday, after the EU's
executive holds its weekly meeting.
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The Commission's chief spokesman would not confirm the reports, which
cited EU officials, but said there would be a news conference around noon
(1000 GMT) after the meeting.
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Vestager, who had indicated she would not be rushed into a decision on the
five-year-old case, is due to fly to the United States later on Wednesday
for a high-profile working visit. Americans, including business leaders
and President Barack Obama, have questioned EU efforts to curb the power
of U.S. tech companies.
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The complete article may be read at the URL above.
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