The European Union’s second-highest court annulled a $1.7 billion fine imposed on Google, siding with the tech giant in its appeal. The case stems from a 2019 ruling by the European Commission, which accused Google of abusing its market dominance through restrictive contracts related to its AdSense for Search product. The EU’s General Court upheld most of the Commission’s findings but annulled the fine, citing errors in the original assessment of contract duration.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02The European Union's second-highest court annulled a $1.7 billion fine imposed on Google,
00:08siding with the tech giant in its appeal.
00:10The case stems from a 2019 ruling by the European Commission, which accused Google of abusing
00:15its market dominance through restrictive contracts related to its AdSense 4 search product.
00:20The EU's general court upheld the majority of the Commission's findings, but annulled
00:24the fine citing errors in the original assessment of contract duration.
00:27For all things money, visit Benzinga.com.