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EU Court Upholds Antitrust Ruling, Orders Google to Pay $4.12 Billion

Stock Markets Sep 14, 2022 06:13AM ET
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© Reuters. EU Court Upholds Antitrust Ruling, Orders Google to Pay $4.12 Billion
 
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By Senad Karaahmetovic

Google-parent company Alphabet (NASDAQ:GOOGL) has been told to pay €4.125 billion ($4.12 billion) by the European Union’s General Court today in an antitrust ruling.

In 2018, the European Commission fined Google €4.34 billion for breaching EU antitrust rules. Over four years later, the EU’s General Court upheld an antitrust ruling against Google, although it trimmed the fine by just over €200 million.

The Court “largely confirms the European Commission’s decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators to consolidate the dominant position of its search engine.”

The fine is seen as “appropriate in view of the significance of the infringement.”

Google said it is “disappointed” that the EU Court failed to annul the decision in full.

“Android has created more choice for everyone, not less, and supports thousands of successful businesses in Europe and around the world,” the company’s representatives told Reuters.

Alphabet can appeal the decision in the EU’s highest court.

Earlier today, South Korea imposed a $50.37 million fine on Google for unauthorized personal data collection.

EU Court Upholds Antitrust Ruling, Orders Google to Pay $4.12 Billion
 

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