Google Hit by Fresh EU Antitrust Probe Over Search Ads Pricing [Yahoo! Finance Canada]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Brussels-based regulator said that the suspected conduct — if backed up by evidence — could violate competition rules, which can trigger fines as high as 10% of global annual sales. In an accompanying request for information, EU watchdogs ask market participants about Google's dominance across several online advertising markets. While the probe is in its early stages, it could in the near future be announced formally by Competition Commissioner Teresa Ribera, according to people familiar with the case, who spoke on condition of anonymity. The European Commission and Google declined to comment. Similar allegations have earlier been leveled against Google by the US Department of Justice, which had attempted to impose a sale of Google's chrome browser. That move was overruled by a Washington judge. The EU scrutiny risks adding to the company's €9.5 billion ($11.3 billion) EU fines tally and worsening relations with the Trump administration. It also
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