Google’s Euro fine likely to be $3.4 billion

Stefan Mileschin · 18th May 2016, 06:52

The European Commission is likely to fine the search engine outfit Google about $3.4 billion.

British newspaper The Sunday Telegraph appears to have found a deep throat who is prepared to tell hacks how much cash Google is expected to pay out.

The European Union has accused Google of promoting its shopping service in internet searches at the expense of rival services in a case that has dragged on since late 2010.

Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance. That stance apparently means that Google’s no compromise position is going to cost it cash.

The announcement is expected next month. It might even go a bit higher as there are still some numbers to be added in.

http://www.techeye.net/business/goog...be-3-4-billion

18th May 2016, 06:52	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Google’s Euro fine likely to be $3.4 billion The European Commission is likely to fine the search engine outfit Google about $3.4 billion. British newspaper The Sunday Telegraph appears to have found a deep throat who is prepared to tell hacks how much cash Google is expected to pay out. The European Union has accused Google of promoting its shopping service in internet searches at the expense of rival services in a case that has dragged on since late 2010. Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance. That stance apparently means that Google’s no compromise position is going to cost it cash. The announcement is expected next month. It might even go a bit higher as there are still some numbers to be added in. http://www.techeye.net/business/goog...be-3-4-billion

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