INTERNET GIANT Google has increased its concessions to avoid a possible $5bn fine from the European Commission (EC) in its ongoing antitrust review.
In July the EC said that Google had to improve its 'insufficient' concessions offer if it wanted to settle the three year old antitrust case which relates to the firm allegedly blocking rivals, such as Microsoft, in Google search results.
The EC announced on Monday that Google has offered more concessions, no doubt to put the matter behind it and avoid a possible $5bn fine, though the EC did not reveal the latest concessions offer.
EU Commission spokesman Jonathan Told said to Reuters, "The Commission received a proposal from Google and is assessing it." He did not provide any further details, so it's unclear whether the firm's rivals will be given a chance to review the offer.
However, Fairsearch, a group comprising firms like Microsoft, Nokia and Oracle, is urging the EC to give it a look in, with the firm's lawyer Thomas Vinge saying, "Given the failure of Google to make a serious offer last time round, we believe it is necessary that customers and competitors of Google be consulted in a full, second market test."
Google seems confident that its offer will get the thumbs up, however, although it released the same statement that it issued in July before its initial proposal was rejected.
A spokesperson said, "Our proposal to the European Commission addresses their four areas of concern. We continue to work with the Commission to settle this case."
At times we almost despair that Google's EU antitrust case could continue until the end of time. µ
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