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By early July, Google must provide the European Commission with arguments in its defense
Joaquin Almunia, the head of the European Commission’s antitrust authority, has set a deadline for Google to submit business proposals that would remove allegations of using market dominance to obstruct rival companies.
“I want to give the company the opportunity to prepare actionable proposals that would avoid lengthy litigation,” said Almunia.- At the beginning of July, I am waiting for Google’s proof of readiness to go this way. “.
Almunia sent a letter to Google, in which he expressed concerns on behalf of the European Commission regarding some aspects of the search giant’s activities. The 18-month investigation, in his opinion, has shed light on a number of illegal practices of Google, which offers the consumer, first of all, its services and applications. European Commissioner warns that search giant will face antitrust sanctions if Google’s proposals turn out to be unsatisfactory.
The European Commission has the right to collect a fine of up to 10% of annual income from violators of antimonopoly legislation. Google’s revenue in 2021 was $ 37.9 billion – comments are superfluous. The company must submit proposals by July 2. The next step is the start of negotiations between the two parties.
- Google may fall prey to antitrust harassment;
- Google has filed a patent collusion with the European Commission with Microsoft and Nokia;
- Yandex accuses Google of unfair competition.