European Union regulators decided Tuesday that they would file charges against Google stemming from an antitrust investigation, multiple news agencies reported.
Citing a source familiar with the matter, the Wall Street Journal reported that the Google decision will be discussed by EU commissioners on Wednesday. That source claimed to the news outlet that European antitrust chief Margrethe Vestager made the decision to file charges after consulting with European Commission President Jean-Claude Juncker.
The Financial Times and The New York Times also reported Tuesday that the EU would accuse the tech giant of abusing its market position, citing sources familiar with the regulators’ decision.
Google faces fines of as much as $6.6 billion if the charges are proven.
Google shares traded down about 1.6 percent on Tuesday, although most of those losses came in the morning. The stock was largely unchanged in after-hours trading.
Read the Full Article: Source – CNBC
http://www.cnbc.com/id/102573773
Leave a Reply
You must be logged in to post a comment.