The end of the European Commission investigation into antitrust violations initiated by Google has been launched a few years ago. The leaks show that the decision on this issue will be announced before the holiday, and the US giant will have to pay about 3 billion euros of fines.
Google has for years been accused of abusing its market position in the online industry and breaking antitrust laws. The company was accused of manipulating search results in its search engine and favoring its products at the expense of competition and many other activities that did not comply with current regulations.
A few years ago the European Commission took up the matter. As a result of the leaks, the committee’s decision, which will be announced before the summer holidays, will impose a € 3 billion fine on the company. This is a much higher amount than imposed on Intel for some time, which had to pay 1.1 billion euros for antitrust infringement. It is, however, significantly lower than the maximum legal fine of € 6.6 billion, or 10 percent of the company’s annual revenue.
However, this may not stop. Margarethe Vestager, Competition contends that the list of charges against Google may be extended to mapping services and information search for travel agencies, as allegedly also in those areas the company was to commit fraudulent practices.
The commission’s decision will be announced early next month.