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Google close to settling EU antitrust investigation – may escape billion-dollar fine

30
Jan
2014

Google may soon settle the three-year antitrust investigation into its Search business in Europe, Reuters has exclusively learned, as the company has made additional concessions in the case in a third offer for the regulator. Two weeks ago, EU Competition Commissioner Joaquin Almunia asked Google to promptly come up with a new offer, after its previous concessions were deemed to be unacceptable. According to a senior European Union official familiar with the matter, the Google case may be settled in the following days or in a couple of weeks at the latest, with the Search giant escaping a potentially brutal outcome for its business, a fine that may have amounted to as much as $5 billion. The new proposal is

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