Google Agrees to Outline of Europe Antitrust Deal

Date : 07/24/2012 @ 2:30PM
Source : Dow Jones News
Stock : Microsoft Corp. (MM) (MSFT)
Quote : 67.92  0.39 (0.58%) @ 5:45PM

Google Agrees to Outline of Europe Antitrust Deal

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Google Inc. (GOOG) has accepted the outline of an antitrust settlement with Europe's competition commission and will enter talks on a formal agreement, the Financial Times reported Tuesday.

Under the outline, Google proposed concessions on both its PC-based and mobile search services, according to the newspaper.

Google has addressed several EU concerns, including a claim that Google's search results favor the company's own products, the FT reported.

The office of Joaquin Almunia, the EU's competition commissioner, declined to comment to the FT. A Google spokesman told the FT "we continue to work cooperatively with the commission."

Full story at www.ft.com

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