The European Commission’s €4.3-billion (around $5 billion) penalty on Google last week may not financially hurt the technology company that is sitting on over $100 billion in cash reserves, but it could bring about changes in the way the Android ecosystem functions, and create a precedent for other antitrust cases against Google.
“THE making of a big tech reckoning,” blared one typical headline earlier this year. “The case for breaking up Amazon, Apple, Facebook and Google,” touted another. Based on media coverage alone it might seem as if the tech titans are in trouble.
SAN FRANCISCO (Reuters) – A European Union antitrust judgement against Google on Wednesday invites more competition from software developers including Microsoft Corp (), Amazon.com Inc () and Samsung Electronics Co (), but still leaves them at an disadvantage, industry executives and analysts told Reuters.
BRUSSELS: The EU said Wednesday it had slapped a record 4.34 billion euro ($5.04 billion) anti-trust fine on Google for illegally using its Android operating system to strengthen the dominance of its search engine. “Google has used Android as a vehicle to cement the dominance of its search engine,” EU Competition Commissioner Margrethe Vestager said in a statement.”This is illegal under EU antitrust rules.”
Google will be hit with a record-breaking €4.3 billion ($5 billion) fine by EU regulators for breaking antitrust laws. Bloomberg News reports that the European Commission has settled on a significant fine for Google’s Android app bundling that will be announced around 6AM ET today.
U.S. chipmaker Qualcomm will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors , sources said, giving regulators more time to decide on the deal and averting a collapse.
NEW DELHI/MUMBAI (Reuters) – Google has appealed against a ruling by India’s competition watchdog that found it guilty of “search bias”, while the website that brought the case also challenged the outcome, complaining the online search giant had got off too lightly.
NEW DELHI:India’s telecom regulator and anti-trust watchdog Competition Commission of India (CCI) are locked in a showdown in the Supreme Court, with both laying claim to jurisdictional rights on anti-competitive issues in telecom. The Telecom Regulatory Authority of India ( Trai) filed an application of intervention before the apex court last week, saying it has “exclusive jurisdiction” on the sector, a claim contested by CCI on Tuesday.
The Competition Commission of India (CCI) Thursday said that Google abused its position as the dominant search engine here to create a search bias in favour of its own services and has fined the company Rs 135.86 crore, or 5 per cent of the company’s average total revenue generated from India operations from its different business segments for the financial years 2013, 2014 and 2015.
JERUSALEM (Reuters) – Israel’s anti-trust regulator said it will look at the business practices of internet giants such as Facebook and Google to make sure they are not stifling competition. “We will look closely at the activity of the internet giants to see whether they are abusing their power and breaching the Anti-Trust Authority’s rules,” the head of the authority, Michal Halperin, told parliament’s Economic Affairs Committee.