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Google close to settling EU antitrust probe - sources

Published on Jan 29, 2014 7:48 PM
 

BRUSSELS (REUTERS) - Google and EU regulators are close to settling a three-year antitrust investigation into the company's suspected anti-competitive behaviour after it offered improved concessions to allay competition concerns, two sources said on Thursday.

A settlement under the European Commission's antitrust rules means Google will escape a possible fine of as much as US$5 billion (S$ 6.5 billion).

The world's biggest Internet search engine and the European Commission is 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 said. A second person familiar with the matter confirmed the likely settlement.

The official said Google's latest proposal, its third after EU Competition Commissioner Joaquin Almunia rejected an earlier offer as unacceptable, was "much better".

 
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