EU to hit Google with 4.3 billion euro fine in Android case – source

Wed Jul 18 2018
Lucy Harlow (4126 articles)

 EU antitrust regulators will on Wednesday levy a 4.3-billion-euro ($ 5 billion) on Google (GOOGL.O) for using its dominant Android mobile operating system to block rivals, a person familiar with the matter said.

The penalty from the European Commission is the highest ever imposed on a company for breaching EU rules and comes just over a year after the EU enforcer handed down a 2.4 billion euro fine to Google for favoring its shopping service over rivals.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe