From the Old Lady-
Google’s dominance on the Internet has been a sore point in Europe, where it controls more than 80 percent of the online search market, compared with about 66 percent in the United States, according to comScore, a research firm.
If Google is found in violation of European competition law, the commission has the power to fine it up to 10 percent of its annual revenue, which totaled more than $23 billion last year.
Before settling last year, Microsoft had paid fines of about $2.4 billion over the past decade in a long-running antitrust case in Brussels that focused on the Windows operating system.
In another case, the commission fined Intel about $1.45 billion for abusing its dominance in the computer chip market.
Maybe Google should ask the European Union to buy a groupon for anti trust cases.
- EU launches anti-trust inquiry into Google (independent.co.uk)
- EU Steps Up The Pressure: Pursuing Formal Anti-Trust Investigation Against Google (searchengineland.com)
- Europe Opens Antitrust Inquiry Into Google – New York Times (news.google.com)