Halister News

(Bloomberg) -- Google was fined EU2.42 billion by European Union regulators for skewing search results in its own favor to boost its shopping search service.

• Google “abused its market dominance” by systematically favoring its own comparison-shopping service in its general search results, European Commission says in statement in Brussels Tuesday
• Fine sets new record for monopoly abuse penalty
• Google is given 90 days to end the abusive behavior “or face penalty payments of up to 5 percent of the average daily worldwide turnover of Alphabet, Google’s parent company,” EU says
• EU opened search case in 2010; it’s also probing Google’s Android mobile- phone software and AdSense online advertising service
• SEE: Google Execs Hunker Down for Fight With EU as Fines Loom

To contact the reporters on this story: Aoife White in Brussels at awhite62@bloomberg.net; Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net