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Europe’s top court upholds Google’s €2.4 billion fine | Real Time Headlines

The EU flag has the Google logo on it.

Yap Arians | Noor Photos | Getty Images

Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position in favor of its own shopping comparison service.

CNBC has reached out to Google for comment.

fine Derived from antitrust investigation Developed in 2017 by the European Commission, the EU’s executive arm.

The committee said at the time that Google preferred its own shopping comparison service to those of its competitors.

Google appealed to the General Court, the EU’s second highest court. Fines also upheld. Google then took the case to the European Court of Justice (ECJ), the EU’s highest court.

The European Court of Justice on Tuesday rejected the appeal and upheld the Commission’s fine.

“We are disappointed with the court’s ruling,” a Google spokesperson told CNBC on Tuesday.

“This judgment concerns a very specific set of facts. We made changes back in 2017 to comply with the European Commission’s decision. Our approach has been running successfully for more than seven years, generating results for more than 800 comparison shopping services Billions of clicks.

To address concerns in Europe, Google made changes in 2017 that meant it would have to bid for ad spots in shopping search results in the same way as its competitors.

Google’s decision sets new stage for EU The European Court of Justice on Tuesday also confirmed the European Commission’s 2016 decision That apple €13 billion in back taxes should be paid in Ireland.

Regulators around the world are putting increasing pressure on Alphabet’s Google. Marchthe European Union launched an investigation into Alphabet under its sweeping Digital Markets Act, which scrutinizes the practices of European technology companies.

in the united states Google is in the middle of an antitrust case Filed Justice Department lawsuit over its advertising business lost another antitrust case earlier this year.

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