financetom
Business
financetom
/
Business
/
Exclusive-EU break-up order to Google unlikely for now, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-EU break-up order to Google unlikely for now, sources say
Sep 13, 2024 12:20 PM

BRUSSELS (Reuters) - EU antitrust officials are considering an order to Alphabet unit Google to stop its anti-competitive practices in its adtech business but will not issue a breakup order as they had originally warned, people with direct knowledge of the matter said.

A break-up order could come at a later stage if Google continues its anti-competitive practices, they said, pointing to a precedent setting case involving Microsoft two decades ago. They said the European Commission's decision could evolve.

An EU decision however is unlikely to come before EU antitrust chief Margrethe Vestager leaves office in November because of the complexity of the case although it is still a theoretical possibility, they said.

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 >
Krispy Kreme Shares Rise After Higher Q2 Net Revenue
Krispy Kreme Shares Rise After Higher Q2 Net Revenue
Aug 8, 2024
09:51 AM EDT, 08/08/2024 (MT Newswires) -- Krispy Kreme (DNUT) shares advanced by more than 14% in recent Thursday trading after the company reported higher revenue in Q2. The donut maker reported Q2 adjusted earnings of $0.05 per diluted share, down from $0.07 a year earlier. Analysts polled by Capital IQ expected $0.05. Net revenue for the quarter ended June...
Parker-Hannifin Q4 Earnings: Aerospace Segment Shines, Upbeat Annual Outlook, Stock Soars
Parker-Hannifin Q4 Earnings: Aerospace Segment Shines, Upbeat Annual Outlook, Stock Soars
Aug 8, 2024
Parker-Hannifin Corp ( PH ) stock soared after the company reported strong fourth-quarter 2024 results and provided a strong 2025 outlook on Thursday. Parker Hannifin ( PH ) reported fourth-quarter sales growth of 2% year over year to $5.186 billion and +3% organic growth, beating the consensus of $5.082 billion. Orders were up 1% year over year, with Diversified Industrial...
AtkinsRealis Awarded Nuclear Reactor Life Extension Contract at Qinshan Station, China
AtkinsRealis Awarded Nuclear Reactor Life Extension Contract at Qinshan Station, China
Aug 8, 2024
09:51 AM EDT, 08/08/2024 (MT Newswires) -- AtkinsRealis ( SNCAF ) said Thursday that its subsidiary Candu Energy signed a deal with Third Qinshan Nuclear Power Company (TQNPC) to support the 30-year life extension of the two Candu reactors at the Qinshan Nuclear Generating Station in China. AtkinsRealis ( SNCAF ) will provide design, engineering, and procurement services to enable...
Endeavor Group Swings to Q2 Loss, Revenue Rises
Endeavor Group Swings to Q2 Loss, Revenue Rises
Aug 8, 2024
09:45 AM EDT, 08/08/2024 (MT Newswires) -- Endeavor Group Holdings ( EDR ) reported a Q2 net loss Thursday of $0.70 per diluted share, swinging from earnings of $1.29 a year earlier. Analysts polled by Capital IQ expected earnings of $0.21. Revenue for the quarter ended June 30 was $1.75 billion, up from $1.31 billion a year earlier. Analysts surveyed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved