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What will be the outcome of a potential appeal by the European Commission regarding the annulled €1.49 billion fine by end of 2025?
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Resolution / Starting Odds
Fine reinstated • 25%
Fine reduced • 25%
Fine annulled again • 25%
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Official court rulings, announcements from the European Commission
Story
Alphabet Unit Google Wins EU General Court Battle to Overturn €1.49 Billion Antitrust Fine
Sep 18, 2024, 10:08 AM
Google, an Alphabet unit, has won a significant legal battle against the European Union, successfully overturning a €1.49 billion ($1.7 billion) antitrust fine related to its online advertising practices. The General Court of the EU annulled the fine, which was imposed in 2019 for allegedly hindering competition in the online search advertising market. The court found that the European Commission had made errors in its assessment of Google's actions. This ruling marks a notable victory for Google amid ongoing antitrust scrutiny in various jurisdictions.
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