BUSINESS EU fines Google 1.49 bn euros for anti-trust breach

BUSINESS

EU fines Google 1.49 bn euros for anti-trust breach

AFP

19:19, March 20, 2019

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On March 19, 2019, Google unveiled a new game streaming service called Stadia. The announcement marks a major new foray into the $180 billion industry for the internet giant. (File photo: VCG) 

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Tuesday over unfair competition, in Europe's latest salvo against Silicon Valley.

"Today the commission has fined Google 1.49 billion euros ($1.69 billion) for illegal misuse of its dominant position in the market for the brokering of online search adverts," EU Competition Commissioner Margrethe Vestager said.

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