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EU court backs EU antitrust decision against Google, trims fine

LUXEMBOURG (Reuters) - Europe's second-top court on Wednesday upheld an EU antitrust decision against Alphabet (NASDAQ:GOOGL) unit Google for using its Android mobile operating...
EU court backs EU antitrust decision against Google, trims fine © Reuters. FILE PHOTO: A view of the main lobby of building BV200, during a tour of Google's new Bay View Campus in Mountain View, California, U.S. May 16, 2022. REUTERS/Peter DaSilva/File Photo
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LUXEMBOURG (Reuters) - Europe's second-top court on Wednesday upheld an EU antitrust decision against Alphabet (NASDAQ:GOOGL) unit Google for using its Android mobile operating system to quash rivals but trimmed the record fine to 4.125 billion euros ($4.12 billion) from 4.34 billion.

"The General Court largely confirms the Commission's decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators in order to consolidate the dominant position of its search engine," the court said.

"In order better to reflect the gravity and duration of the infringement, the General Court considers it appropriate however to impose a fine of €4.125 billion on Google, its reasoning differing in certain respects from that of the Commission," judges said.

The case is T-604/18 Google vs European Commission.

($1 = 1.0012 euros)

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

1.0658

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GBP/USD

1.2475

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USD/JPY

157.91

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AUD/USD

0.6469

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USD/CAD

1.3780

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EUR/JPY

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EUR/CHF

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Gold Futures

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Silver Futures

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Brent Oil Futures

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US Coffee C Futures

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Euro Stoxx 50

4,920.55

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S&P 500

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DAX

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17,763.03

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US Small Cap 2000

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27.35

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226.40

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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SJC Eximbank8,300/ 8,500
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