Google handed July deadline to respond in European antitrust case

Google must respond by July with regards to the ongoing antitrust investigation by the European Commission for Competition Policy, presenting realistic and workable proposals in order to avoid huge fines, which could potentially be as much as 10% of the internet search firm's annual income.
"By early July, I expect to receive from Google concrete signs of their willingness to explore this route," said Joaquin Almunia, the Commission's vice president during an address at a conference in Switzerland at the weekend.
The threat of a fine, which would reach as high as $4 billion comes as the first stage of the European antitrust investigation nears its end. The investigation dates back to Novembe... »read more

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