Google loses court challenge against EU antitrust ruling -Breaking
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© Reuters. FILE PHOTO – The Google logo is visible in Davos (Switzerland), January 20, 2020. 2020. REUTERS/Arnd Wiegmann/File PhotoFrancois Aulner and Foo Yum Chee
LUXEMBOURG, (Reuters) -Alphabet unit Google was hit hard by Wednesday’s rejection of its appeal to an EU antitrust ruling. The court also imposed a 2.42 billion Euro ($2.8 billion) penalty in a significant win for Margrethe Vestager, EU Competition Chief.
Vestager in 2017, sanctioned the most popular search engine on the internet for favoring its price comparison shopping service, giving it an unfair advantage over smaller European competitors.
This was just the beginning of three cases that saw Google collect 8.25 billion euro in EU antitrust fines over the past decade. Vestager then took on Amazon, Apple and Facebook (NASDAQ) where ongoing investigations continue.
The Court declared that “the General Court mostly dismissed Google’s appeal against the Commission decision finding Google had abused their dominant position”
Google has the right to appeal to Europe’s highest court (CJEU), on legal points, at the EU Court of Justice.
This case involves T-612/17 Google and Alphabet v Commission Google Shopping.
($1 = 0.8648 euros)
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