Google parent Alphabet books $2.7 billion fine as European fight looms

European Commission ruled slapped down Google for abusing its market dominance in search by unfairly directing visitors to its comparison shopping service, Google Shopping, to the detriment of its rivals.

Published on: Jul 25, 2017, 07:54:15 IST

AP, San Francisco | By HT Correspondent

Prefer HTon Google

Share via

Copy link

Google parent Alphabet is taking a $2.7 billion write-down to cover a large fine EU antitrust enforcers assessed in June . While the search giant can shrug off the cost, uncertainty lingers over its ability to operate freely on the continent going forward.

The Google logo at the company's headquarters in Mountain View, California. (AP File Photo)

The European Commission ruling slapped down Google for abusing its market dominance in search by unfairly directing visitors to its comparison shopping service, Google Shopping, to the detriment of its rivals.

Alphabet is still mulling an appeal of that ruling. But it could take years to get a ruling at the European Court of Justice.

That’s just one of several antitrust cases Google faces in Europe. It may also face new fines if it doesn’t change the way it displays Google Shopping results in search by late September.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.