Tuesday, May 17, 2016

Google faces record fine of 3,000 euros bln EU antitrust regulator: Telegraph – swissinfo.ch

International Reuters

in the image file the logo of the Center for European Engineering Google in Zurich seen, 16 April 2015. Google faces a record antitrust fine close to 3,000 million euros (3,400 million dollars) from the European Commission in the coming weeks, published by the British newspaper Sunday Telegraph. REUTERS / Arnd Wiegmann

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LONDON, May 15 (Reuters) – Google faces antitrust fine record close to 3,000 million euros (3,400 million dollars) of the Commission European in the coming weeks, published by the British newspaper Sunday Telegraph.

the European Union accuses Google to promote its shopping service Internet searches at the expense of rival services in a case that has dragged on since late 2010.

Several people familiar with the matter told Reuters last month that he believed that after three failed to reach a compromise in the last six years attempts, Google now had no plans to try to resolve the charges, unless the regulator of the European Union to change its position.

the Telegraph quoted sources close to the situation said officials planned to announce the fine as soon as next month, but not yet had been completed.

a Google will also be prohibited from further manipulate search results to advantage themselves and hurt their rivals, the newspaper reported.

the Commission may impose fines companies up to 10 percent of its annual sales, which in the case of Google would be a maximum penalty possible for more than 6,000 million euros.

the largest antitrust fine to date was 1,100 million euros at chipmaker Intel in 2009. the Commission declined to comment, while Google did not immediately respond to a request to discuss the issue.

($ 1 = 0.8841 euros)

(Reporting by Kylie MacLellan in London and Foo Yun Chee in Brussels. Edited in Spanish by Patricio Abusleme)

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