Google must pay German price comparison platform 465 mln euros in damages, court says

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Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled.

The court found that Google had abused its dominant market position in two case decisions and ordered the U.S. technology giant to pay damages, both rulings can be appealed, a court spokesperson told Reuters.

In addition to Idealo, the company behind another German price comparison site, Producto, will also be awarded 107 million euros.

Following the rulings, Idealo – a subsidiary of the German…



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Google must pay German price comparison platform 465 mln euros in damages, court says



Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled.

The court found that Google had abused its dominant market position in two case decisions and ordered the U.S. technology giant to pay damages, both rulings can be appealed, a court spokesperson told Reuters.

In addition to Idealo, the company behind another German price comparison site, Producto, will also be awarded 107 million euros.

Following the rulings, Idealo – a subsidiary of the German…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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