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Google Avoids Fine With Eu Antitrust Deal


Ron Burgundy
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EU Competition Commissioner Almunia speaks during a news conference in BrusselsBy Foo Yun Chee BRUSSELS (Reuters) - Google agreed to make concessions on how it displays competitors' links on its website on Wednesday, in a deal with the European Union regulator that ended a three-year antitrust probe and avoided a fine. The agreement means the world's dominant search engine has avoided a process that could have lead to a fine of up to $5 billion, or 10 percent of its 2012 revenue. However, Google may still face a second EU investigation, this time into its Android operating system for smartphones, with potentially bigger risks for the company. Google has been the subject of a European Commission investigation into its internet search practices since November 2010, when more than a dozen complainants, including Microsoft, accused the company of promoting its own services at their expense.




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