EU to slap Google with record-breaking fine of more than $1.2 bn: Report

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Latest News – The European Union is slated to announce on Tuesday the imposition of a record-breaking fine of more than 1.1 billion euros, or nearly $1.2 billion, on Google for abusing its monopoly over internet search, media reported.

Google has been accused of manipulating its search engine results to favour its new shopping service at the expense of smaller price-comparison websites.

The penalty would eclipse the previous 1.1 billion euros record fine Intel was forced to pay in 2009 and the EU might also demand that Google make changes to its search results so that it was not seen to favour its own service, telegraph.co.uk reported.

The investigation dates back to 2010, and was triggered by complaints from other price-comparison websites that said Google had relegated their services in its search results.

Google has a 90 per cent share of internet searches in Europe, giving it a powerful tool (Read More)

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