Alphabet’s (GOOG) (GOOGL) Google is set to face a modest EU antitrust fine in the coming weeks for allegedly anti-competitive practices in its adtech business, three people with direct knowledge of the matter said, Reuters’ Foo Yun Chee reports. The decision by the European Commission follows a four-year long investigation triggered by a complaint from the European Publishers Council that subsequently led to charges in 2023 that Google allegedly favors its own advertising services over rivals, the author notes.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- Why Nvidia’s (NVDA) Valuation Remains Outside Bubble Territory
- Now Streaming: Brad Singer named CFO of Warner Bros. after separation
- Data Breach of Salesloft’s Drift App Has Reached Google’s (GOOGL) Gmail
- Private Markets: Commonwealth raises $863M as Nvidia joins investors
- Fox, YouTube TV enter agreement on carriage deal
