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Exclusive – Google close to settling EU antitrust probe : sources

29
Jan
2014

By Foo Yun Chee BRUSSELS (Reuters) – Google is close to settling a three-year antitrust probe by European regulators after it offered much better concessions to allay concerns over blocking rivals from internet search results, two sources said on Wednesday. A settlement under the European Commissions competition rules means that Google, the worlds biggest internet search engine, will escape a possible fine of as much as $5 billion or 10 percent of its 2012 revenue. Google and the Commission are close to a deal and a decision is expected in the next few days or in a couple of weeks at the latest, a senior European Union official told Reuters. We dont comment on rumors and speculation, a Google spokesman said in a statement.

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