Google To Be Fined $5 Billion by EU in Android Antitrust Case, Reports Say
Google To Be Fined $5 Billion by EU in Android Antitrust Case, Reports Say
Published on July 18, 2018 at 09:31AM
The European Union plans to hit Alphabet's Google with a record antitrust fine of $5.06 billion later today, WSJ, Reuters, and Bloomberg reported Wednesday, a decision that could loosen the company's grip on its biggest growth engine: mobile phones. From a report: A formal decision -- which would mark the EU's sharpest rebuke yet to the power of a handful of tech giants -- is set to be taken during Wednesday morning's meeting of EU commissioners following a presentation by competition chief Margrethe Vestager, according to the person. No discussion of the decision is expected, the official said. The European Commission finding is the most consequential decision made in its eight-year antitrust battle with Google. The fine, to be announced today, would significantly outstrip the $2.8B charge Brussels imposed on the company last year for favoring its own site in comparison shopping searches. The decision takes aim at a core part of Google's business strategy over the past decade, outlawing restrictions on its Android operating system that allegedly entrenched Google's dominance in online search at a time when consumers were moving from desktop to mobile devices. Android is the operating system used in more than 80 per cent of the world's smartphones and is vital to the group's future revenues as more users rely on mobile gadgets for search services. Google has denied wrongdoing.
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Published on July 18, 2018 at 09:31AM
The European Union plans to hit Alphabet's Google with a record antitrust fine of $5.06 billion later today, WSJ, Reuters, and Bloomberg reported Wednesday, a decision that could loosen the company's grip on its biggest growth engine: mobile phones. From a report: A formal decision -- which would mark the EU's sharpest rebuke yet to the power of a handful of tech giants -- is set to be taken during Wednesday morning's meeting of EU commissioners following a presentation by competition chief Margrethe Vestager, according to the person. No discussion of the decision is expected, the official said. The European Commission finding is the most consequential decision made in its eight-year antitrust battle with Google. The fine, to be announced today, would significantly outstrip the $2.8B charge Brussels imposed on the company last year for favoring its own site in comparison shopping searches. The decision takes aim at a core part of Google's business strategy over the past decade, outlawing restrictions on its Android operating system that allegedly entrenched Google's dominance in online search at a time when consumers were moving from desktop to mobile devices. Android is the operating system used in more than 80 per cent of the world's smartphones and is vital to the group's future revenues as more users rely on mobile gadgets for search services. Google has denied wrongdoing.
Read more of this story at Slashdot.
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Google To Be Fined $5 Billion by EU in Android Antitrust Case, Reports Say
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