Google Settles EU Anti-Trust Probe
(NEW YORK) -- Google settled a three-year anti-trust probe with the European Union Wednesday morning, after committing to provide increased visibility of rival services alongside its own specialized search services. “I believe that the new proposal obtained from Google after long and difficult talks can now address the commission’s concerns,” Commission Vice President of Competition Joaquín Almunia said in a statement.
With the settlement, Google will avoid a fine of up to $5 billion and further investigation. In a statement, Google General Counsel Kent Walker said, “We have been working with the European Commission to address issues they raised and look forward to resolving this matter.”
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