🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

EU court to rule Sept. 14 on Google's fight against record $4.8 billion EU fine

Published 03/21/2022, 09:35 AM
Updated 03/21/2022, 09:41 AM
GOOGL
-
META
-
GOOG
-

By Foo Yun Chee

BRUSSELS (Reuters) - Europe's second-highest court will rule on Sept. 14 on Alphabet (NASDAQ:GOOGL) unit Google's challenge against a record 4.34 billion euros ($4.8 billion) EU antitrust fine levied for using its Android mobile operating system to squeeze out rivals.

The judgment from the Luxembourg-based General Court comes 10 months after the world's most popular internet search engine lost its fight in the same court against a 2.42-billion-euro penalty in another case. It has filed an appeal.

A Court spokesperson confirmed the date.

During a five-day court hearing last year, Google called the European Commission fine staggering and inappropriate.

The company has racked up more than 8 billion euros in EU antitrust fines in the last decade. EU antitrust enforcers are now investigating Google over its data use and an online advertising pact with Facebook (NASDAQ:FB).

© Reuters. The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

The case is T-604/18 Google vs European Commission.

($1 = 0.9065 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.