Google set to face record EU antitrust fine as soon as Tuesday: sources leftright 2/2leftright

    Updated: June 26, 2017 at 4:48 pm EST  See Comments

    EU antitrust regulators are likely to impose a record fine on Alphabet (GOOGL.O) unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company.

    The European Commission’s case was triggered by scores of complaints from both U.S. and European rivals, leading to a seven-year-long investigation into the world’s most popular internet search engine.

    The EU competition authority charged Google in April 2015 with distorting internet search results to favor its shopping service, harming both rivals and consumers.

    The Commission declined to comment.

    Google said: “We continue to engage constructively with the European Commission and we believe strongly that our innovations in online shopping have been good for shoppers, retailers and competition.”

    The remainder of this article is available in its entirety at Reuters

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