Google might settle EU antitrust probe without fine

29 January 2014
By Tereza Pultarova
Mobile version
Share |
An agreement between Google and the European Commission has been said to be within reach

An agreement between Google and the European Commission has been said to be within reach

American Internet giant Google will likely escape a fine for breaching EU competition rules, Reuters has revealed on Wednesday.

The company’s practices have been scrutinised by European regulators during a three-year antitrust probe following accusations it was favouring its own products and services in search results at the expense of competitors.

However, according to Reuters's sources, Google will likely avoid  the up to £3bn fine, that would otherwise form about 10 per cent of its 2012 revenues, by offering "much better" concessions to dispel concerns over blocking rivals from Internet search results.

Two sources said to Reuters an agreement between Google and the European Commission is within reach and would most likely be announced within days or weeks. Both, the Commission and Google declined to comment.

According to available information, the Commission has previously rejected two Google’s proposals. The newest one, however, was described as "much better" by Reuters’ sources.

Google proposed it will allow its competitors including Microsoft’s Bing and Yahoo to display logos and weblinks of their products in a prominent box and will allow advertisers to move their campaigns to rival platforms.

At this occasion, EU regulators will allegedly not seek feedback from the 125 rivals, including online travel services TripAdvisor and Expedia and British price comparison site Foundem, as it already questioned them regarding Google’s previous proposals.

The competitors criticised previous concessions saying they would only strengthen Google’s dominance and that the Commission would better not achieve any deal than a bad one.

Google's success in escaping an EU sanction and fines mirrors a similar outcome with US antitrust regulators.

The Federal Trade Commission in January last year ended a 19-month investigation with just a mild reprimand against the company, saying it had not manipulated its web site results and disappointing rivals and critics.

Latest Issue

E&T cover image 1605

"We visit Barcelona, one of the smartest cities in the world, to find out what makes it so special. What does it look like and what is the future?"

E&T jobs

  • Senior Development Engineer, Electronics

    Premium job

    Helmet Integrated Systems / Gentex Corporation
    • Letchworth Garden City, Hertfordshire
    • Competitive

    We are an innovative, robust and fast growing business, whose main focus is to deliver continues improvement to existing products and offer new sol..

    • Recruiter: Helmet Integrated Systems / Gentex Corporation

    Apply for this job

  • Smart Grid Research Engineer

    Premium job

    University of Strathclyde
    • Cumbernauld, Glasgow
    • Grade: 6/7* £26,537 - £37,768*

    Work as part of a growing dynamic team on a wide range of technical projects with particular emphasis on experimental validation and testing

    • Recruiter: University of Strathclyde

    Apply for this job

  • Electrical Asset Specialist

    Affinity Water
    • Hatfield, Hertfordshire

    Responsible for updating and writing electrical engineering standards, approved codes of practice and safe systems of work

    • Recruiter: Affinity Water

    Apply for this job

  • Senior Electronics Engineer

    York Instruments
    • York, North Yorkshire

    Senior electronics engineer to work as part of a team developing an MEG imaging system; working with the engineering team and external contractors.

    • Recruiter: York Instruments

    Apply for this job

  • Manufacturing Engineer - Circuit Card Assembly

    MBDA
    • Lostock Junction
    • Competitive Salary & Benefits

    What’s the opportunity?   Manufacturing UK is an integral part of the Operations Directorate whose principal mission is to ensure that MBDA’s deliverable commitments are met...

    • Recruiter: MBDA

    Apply for this job

  • High Voltage Engineer

    Premium job

    Essex X-Ray & Medical Equipment
    • Great Dunmow, Essex

    This High Voltage Engineer will provide design leadership for high voltage cable assemblies up to one megavolt.

    • Recruiter: Essex X-Ray & Medical Equipment

    Apply for this job

  • Team Leader - Flank Arrays

    BAE Systems
    • Barrow-In-Furness, Cumbria, England
    • Negotiable

    Team Leader - Flank Arrays Would you like to work in a unique role within the construction of the Astute Class submarines? We currently have a vacancy for a Team Leader - Flank Arrays at our site in Barrow-in-Furness. As a Team Leader - Flank Arrays, you

    • Recruiter: BAE Systems

    Apply for this job

  • Electronics and Software Engineer

    Copley Scientific Ltd
    • Nottingham
    • circa £35,000 per annum + bonus

    Develop new test equipment for the pharmaceutical industry. Good opportunities to grow and develop. Successful family-owned and managed business.

    • Recruiter: Copley Scientific Ltd

    Apply for this job

  • Intelligent Transport Systems Engineer - Highways Technology

    Premium job

    Mott MacDonald
    • Birmingham, West Midlands

    Our transport technology team in Birmingham is currently growing a highly skilled and customer-focused team to...

    • Recruiter: Mott MacDonald

    Apply for this job

  • Principal Robotic Systems Engineer

    Premium job

    National Oceanographic Centre
    • Southampton, Hampshire
    • £45,271 to £49,207 per annum

    Responsible for technical oversight and project management of internally and externally funded innovation centre projects.

    • Recruiter: National Oceanographic Centre

    Apply for this job

More jobs ▶

Subscribe

Choose the way you would like to access the latest news and developments in your field.

Subscribe to E&T