Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Google CEO to meet with EU antitrust chief on Friday

Published 11/16/2016, 02:40 PM
Updated 11/16/2016, 02:50 PM
© Reuters. Sundar Pichai speaks during the presentation of new Google hardware in San Francisco

By Foo Yun Chee and Julia Love

(Reuters) - The chief executive of Alphabet Inc's (O:GOOGL) Google and the European Union's antitrust chief will meet on Friday, following the U.S. technology group's formal rejection this month of a spate of charges, including blocking rivals in online search advertising.

Google Chief Executive Sundar Pichai will meet in Brussels with EU Competition Commissioner Margrethe Vestager and Guenther Oettinger, European Commissioner for Digital Economy and Society, as the final stop in a short tour of the continent, spokespeople for Google and the EU confirmed.

Last week, Google General Counsel Kent Walker argued that the company's Android operating system helps competition, rebutting charges that the firm uses the platform to crush rivals. The Mountain View, Calif., company also rejected charges that it unfairly promoted its shopping service and blocked rivals in online search advertising.

EU regulators are expected to rule next year on those issues, potentially ordering Google to change its business practices and levying huge fines. The case has hung over Google since the European Commission opened its investigation six years ago, following complaints from Microsoft Corp (O:MSFT) and other rivals.

The Android case poses a keen risk to Google as the operating system has yielded about $22 billion in profit for the company since its release in 2008, an Oracle Corp (NYSE:ORCL) lawyer told a U.S. court in January.

Pichai last met with Vestager and Oettinger in February, shortly after he was named chief executive of Google.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

During a visit to London earlier this week, Pichai announced an expansion of Google's presence in the city, saying he was optimistic about Britain's future as a tech hub, despite the uncertainty caused by the nation's vote to leave the European Union in June.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.