financetom
Business
financetom
/
Business
/
Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
Jul 1, 2026 4:40 AM

STOCKHOLM, July 1 (Reuters) - A Swedish court said on Wednesday Alphabet's Google is to pay the equivalent of around 14.3 billion Swedish crowns  ($1.5 billion) in antitrust damages to Klarna's ( KLAR ) price comparison company PriceRunner. 

"PriceRunner is considered to have suffered damage as a result of Google having illegally favoured its price comparison service for many years," the Stockholm Patent and Market Court said in a statement.

PriceRunner in 2022 sued Google for around €2.1 billion ($2.4 billion) at the court, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services.

($1 = 9.7291 Swedish crowns)

($1 = 0.8775 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Grand Canyon Education Q2 adjusted EBITDA beats expectations, revenue up 8.8%
Grand Canyon Education Q2 adjusted EBITDA beats expectations, revenue up 8.8%
Aug 6, 2025
Overview * Grand Canyon Education ( LOPE ) Q2 service revenue rises 8.8% yr/yr, driven by enrollment growth * Adjusted EBITDA beats analyst expectations, reflecting strong operational performance, per LSEG data * Net income for Q2 increases 19.1%, reflecting improved profitability Outlook * Grand Canyon Education ( LOPE ) sees Q3 service revenue between $258.5 mln and $260.5 mln *...
Convenience store operator Arko reports Q2 net income rise
Convenience store operator Arko reports Q2 net income rise
Aug 6, 2025
Overview * Arko ( ARKO ) Q2 net income rises to $20.1 mln from $14.1 mln yr-ago * Adjusted EBITDA of $76.9 mln beats analyst expectations, per LSEG data * Co converted 70 retail stores to dealer sites as part of transformation plan Outlook * Company expects Q3 2025 Adjusted EBITDA between $70 mln and $80 mln * ARKO (...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Sonos Q3 revenue beats estimates
Sonos Q3 revenue beats estimates
Aug 6, 2025
Overview * Sonos ( SONO ) fiscal Q3 revenue beats high end of guidance * Adjusted EPS for fiscal Q3 beats analyst expectations, per LSEG data * Adjusted EBITDA for fiscal Q3 beats analyst estimates, per LSEG data Outlook * Company to provide guidance on Third Quarter Fiscal 2025 earnings call * Sonos ( SONO ) highlights tariffs and macroeconomic...
Copyright 2023-2026 - www.financetom.com All Rights Reserved