LONDON — Google lost its last bid to overturn a European Union antitrust penalty, after the bloc’s top court ruled against it Tuesday in a case that came with a whopping fine and helped jumpstart an era of intensifying scrutiny for Big Tech companies. The European Union’s top court rejected Google’s appeal against the 2.4 billion euro ($2.7 billion) penalty from the European Commission, the 27-nation bloc’s top antitrust enforcer, for violating antitrust rules with its comparison shopping service. Also Tuesday, Apple lost its challenge against an order to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, after the European Court of Justice issued a separate decision siding with the commission in a case targeting unlawful state aid for global corporations. Both companies have now exhausted their appeals in the cases that date to the previous decade.
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Kelvin Chan, Denver Post: Business
Tue, 09/10/2024 - 4:26pm
Topics: london also tuesday ireland commissioner margrethe vestager experts alex haffner the google gareth mills charles russell speechlys silicon valley google shopping we our beuc director general agustín reyna android adsense tuesday s european commissioner executive vice president margrethe vestager digital markets act the dma britain united states department irish related articles nuggets avs josh kroenke cherry hills airpods amazon starbucks fiat eu s ceo tim cook then-u.s president donald trump u.s u.s associated press raf casert mark carlson economy now google europe big tech google google s tuesday apple justice eu vestager vestager google google court google european it alphabet apple s digital markets act the brussels the technology apple u.s owe billions taxes companies competition decision cases antitrust company law comparison fine top bid efforts bloc regulators worldwide penalty years rulings drew union appeal lost facing separate corporations business trillion world competitors crack investigations set services ruling advertising service victory deals firm combined partner consumers opened hailed
BING NEWS:
- Credit Agricole, Credit Suisse lose challenges against EU cartel fines
Europe's second top court on Wednesday dismissed challenges by Credit Suisse (CSAG.UL), now part of UBS , and Credit Agricole against million-euro fines issued by EU antitrust regulators in 2021 for ...
11/5/2024 - 9:35 pm | View Link - Google loses final EU court appeal against 2.4 billion euro fine in antitrust shopping case
generating billions of clicks for more than 800 comparison shopping services,” Google said. At the same time, the company appealed the decision to the courts. But the EU General Court ...
10/8/2024 - 1:00 pm | View Link - Google loses final EU court appeal against $2.7 billion fine in antitrust shopping case
generating billions of clicks for more than 800 comparison shopping services,” Google said. At the same time, the company appealed the decision to the courts. But the EU General Court ...
10/8/2024 - 1:00 pm | View Link - More
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