Google to Pay Fine of Nearly $270 Million in French Antitrust Case
June 07 2021 - 5:01AM
Dow Jones News
By Sam Schechner
PARIS--Alphabet Inc.'s Google will pay a fine of nearly $270
million as part of a settlement with French regulators of one of
the first antitrust cases globally to allege the company abused its
leading role in the digital advertising sector.
France's competition authority said Monday that, in addition to
imposing the 220 million-euro ($267.7 million) fine, it has
accepted Google's proposed commitments to settle the case, which
include promises to make it easier for competitors to use its
online-advertising tools.
Google's commitments will be binding for three years, the
authority said.
Write to Sam Schechner at sam.schechner@wsj.com
(END) Dow Jones Newswires
June 07, 2021 04:47 ET (08:47 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Apr 2023 to Apr 2024
