ADVERTISING BROKER Google will be slammed with a 400+ page statement of objections to its business practices by the European Commission (EC).
The EC's antitrust investigation into Google is expected to yield an interim statement of objections that will outline Google's alleged abuse of its internet search and advertising dominance. The EC's antitrust investigation was started after rival search engines Foundem, Ejustice and Ciao submitted complaints against Google. We must note that some of these firms are Microsoft partners.
According to Dealreporter's source, the 400+ page report is actually a combination of several reports, with Google being blamed for "multiple and multifaceted abuses".
Google's chairman Eric Schmidt will be flying to visit EC Commissioner Joaquin Almunia and it is expected that the two will discuss Google's decision to buy Motorola Mobility. That deal still needs to be rubber stamped by the EC.
Dealreporter is claiming that it will be in Google's best interest to settle with the EC rather than end up with a fine that could be as high as 10 per cent of its annual turnover.
Google has said it is cooperating with the EC and is providing all requested information.
It has two months to respond to the EC's statement of objections, although due to the size of the document, Google might be allowed a little longer to respond to the issues mentioned. µ
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