EU warns Google of 'looming fines' over 'dominance in search results'
The EU competition commissioner has warned Google that it could face a fine of billions of euros unless it acts to ease concerns over claims that the Internet search giant intentionally manipulates search results to harm competitors.
Google offered concessions to the European Commission in July to try to head off a possible fine of up to 2.9 billion Euros or 10 per cent of its 2011 revenues if the regulators find Google breached the rules.
The EU executive Commission is examining the proposals before deciding whether to accept them or demand more, the Telegraph reports.
"We are in the process of conversation with Google to try to reach a settlement, but we are not there yet," the paper quoted EU Competition Commissioner Joaquin Almunia, as saying.
According to the paper, complainants against Google include Microsoft and smaller rivals in Britain, Germany, France, Spain, Italy and the United States.