Home Business & Finance Google Appeals $1.7 Billion EU Fine over Antitrust Ruling

Google Appeals $1.7 Billion EU Fine over Antitrust Ruling

Google Appeals $1.7 Billion EU Fine over Antitrust Ruling

Earlier in March, the European Commission fined Google about $1.7 billion over the search engine giant’s advertising practices. At the time, the commission claimed that Google was engaged in anti-competitive practices as Google included restrictive contracts with major sites which can be seen as a mean to eliminate rivals out of the market.

Shortly after European Commission released a formal statement, Google removed the clauses from the contract. According to the contract, publishers were required to give Google’ ads better visibility and more prominent placements. At the time, the authority warned the company that it isn’t allowed to reintroduce the clauses going forward.

In a recent comment made to TechCrunch, Google confirmed that it has formally appealed against the ruling. As for the European Commission, the authority revealed that it will be defending its fine in the General court of European Union in Brussels at a later date.

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