The European Union Set To Fine Google 3 billion Fine: report
Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph reported. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services.
Google has tried to settle the cse more than once, in acase that has dragged on since late 2010.
The Telegraph cited sources close to the situation as saying officials planned to announce the fine as early as next month, but that the bill had not yet been finalised.
Google will also be banned from continuing to manipulate search results to favour itself and harm rivals, the newspaper said.
The Commission and Google both declined to comment.