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

EU antitrust regulators likely to step up Google probes: WSJ

Published 07/22/2014, 01:31 PM
Updated 07/22/2014, 01:40 PM
EU antitrust regulators likely to step up Google probes: WSJ

SAN FRANCISCO/FRANKFURT (Reuters) - (This July 22 story was corrected in paragraph four to show Almunia said he would not conduct a formal market test, instead of that he would not consult complainants)

European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.

Google has been the target of a European Commission investigation since November 2010, when more than a dozen complainants, including Microsoft Corp, accused the company of promoting its own services at their expense.

In February, Google agreed to make concessions on how it displays competitors' links, striking a deal that ended a three-year antitrust probe and avoided a hefty fine.

But the agreement has been criticized, both by tech companies and European politicians, as inadequate. Competition Commissioner Joaquin Almunia said at the time he would accept Google's concessions without conducting a formal market test, prompting a furious response.On Tuesday, the Commission said it was considering formal complaints to the agreement and aimed to make a decision on the matter in September.

"We have written to the formal complainants in the ongoing proceedings and we have not received yet all their replies," a spokesman for the Commission said. "In early August all replies will have been submitted. We will then thoroughly analyze the arguments they contain and, depending on the outcome of that analysis, the next steps will be decided by Mr. Almunia in September."

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

Google may face other investigations, including regarding its Android operating system for smartphones.

The European Commission recently sent a fresh request for information to handset makers on their dealings with Android, which runs on roughly four-fifths of the world's smartphones. That line of inquiry is likely to turn into a formal investigation, the Journal reporting, citing a person with knowledge of the situation.

Last month, Almunia said he could initiate an investigation of YouTube if he saw any attempt by Google to abuse its dominance of online video searching.

In a guest editorial for German newspaper Bild on Tuesday, Martin Shulz, head of the EU Parliament, argued that the decision on how to treat Google should not be taken by an outgoing Commission. Almunia will vacate his post later this year.

"The EU has to make the decision on how to deal with Google with care," he said in the editorial. "It cannot be that we've been discussing Google for months, and that the decision takes place when half of Europe is on holiday."

Google did not respond to a request for comment.

(Reporting by Edwin Chan and Kristina Cooke in San Francisco and Harro ten Wolde in Frankfurt; Editing by Chris Reese and Dan Grebler)

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.