Wednesday, July 18, 2018

Google faces $5 billion fine over Android system - Bloomberg

Google faces $5 billion fine
Google will be fined $5 billion by the European Commission over competition concerns around its Android mobile operating system, according to a report on Bloomberg.

EU competition chief Margrethe Vestager will hold a news conference later today, the European Commission said.

She is expected to announce a record fine against Google for using its Android mobile operating system to block rivals at the news conference.

The Commission said Vestager would speak on an antitrust case but did not provide details.

The Commission's decision was delayed by a week by US President Donald Trump's visit to a NATO summit in Brussels last week.

The decision comes just over a year after the Commission slapped a landmark €2.4 billion penalty on Google, a unit of Alphabet Inc, for favouring its shopping service over those of competitors.

The EU penalty was expected to exceed the 2017 fine because of the broader scope of the Android case, sources has said.

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