“European Union regulators formally accused Google Inc. of violating the bloc’s antitrust laws by abusing its dominance of online search, escalating a long-running case that had stalled for years despite three separate attempts at a settlement. Wednesday’s move is the first time that any regulator has filed formal antitrust charges against the California search giant, putting the EU in the vanguard of a global debate over the regulation of giant Internet platforms.” Adapted from WSJ
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Google’s EU Antitrust Settlement Offer Won’t Suit Rivals
Google Inc. (GOOG)’s offer to settle an antitrust probe with the European Union by labeling its own services more clearly in Web search results is a “non-starter” for a group of competitors such as Microsoft Corp. (MSFT) and Foundem. The companies and at least 10 other rivals that filed complaints with the EU will be able to give feedback on the remedies submitted by the Mountain View, California-based company to settle the almost three-year-old investigation. Adapted from bloomberg.com
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