California: Internet giant Google faces a record anti-trust fine of around three billion euros(USD 3.4 billion) for promoting its shopping service in Internet searches at the expense of rival services.
According to British newspaper The Sunday Telegraph, Google will also be banned from continuing to manipulate search results to favour itself and harm rivals.
The Commission can fine firms up to 10 percent of their annual sales, which in Google’s case would be a maximum possible sanction of more than six billion euros, report Reuters.
The biggest antitrust fine till date was a 1.1 billion-euro fine imposed on chip-maker Intel in 2009.
First Published | 16 May 2016 1:28 PM
Web Title: Google faces three billion euro fine for promoting its shopping services
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