EU hits Google with £1.3bn fine
The European Union antitrust commission has fined Google for its “abusive practices” in online advertising and its “illegal misuse” of its dominant market position.
Google was found in breach of European regulators antitrust laws for violating practices by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google’s rivals from placing their search adverts on these websites.
The European Union (EU) fine of approximately £1.3 billion is the third significant charge Google has been penalised for unfairly skewing the search in favour of itself over its competition and consumers best interests.
Commissioner in charge of competition policy Margrethe Vestager said: ”Today the Commission has fined Google €1.49 billion for illegal misuse of its dominant position in the market for the brokering of online search adverts.
“Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing…
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