Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

EU court to rule on Google's $2.8 billion EU antitrust fine on Nov. 10 - sources

Published 07/20/2021, 09:04 AM
Updated 07/20/2021, 09:46 AM
© Reuters. FILE PHOTO: A Google search page is seen through a magnifying glass in this photo illustration taken in Berlin, August 11, 2015.  REUTERS/Pawel Kopczynski//File Photo

By Foo Yun Chee

BRUSSELS (Reuters) - Europe's second-top court will rule on Alphabet (NASDAQ:GOOGL) unit Google's challenge against a 2.4 billion euro ($2.8 billion) EU antitrust fine on Nov. 10, the first of a trio of cases, people familiar with the matter said on Tuesday.

The European Commission issued the fine on the world's most popular internet search engine in 2017 for favouring its own price-comparison shopping service and giving it an unfair advantage against smaller European rivals.

Google told the Luxembourg-based General Court at a hearing last year that making innovative products was the core of its business model rather than helping rivals. It denied favouring its own service.

The court and Google did not respond immediately to requests for comment or confirmation of the EU ruling date.

The losing side can appeal to the EU Court of Justice (CJEU), Europe's top court.

Google has racked up a total of 8.25 billion euros in EU antitrust fines related to this price comparison shopping case and two other cases in the last decade.

News agency MLex was the first to report on the court judgment date. The case is T-612/17 Google and Alphabet v Commission.

($1 = 0.8498 euros)

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.