Google Ordered to Pay Pricerunner $2 Billion After Stockholm Antitrust Ruling
Updated
Updated · Bloomberg · Jul 2
Google Ordered to Pay Pricerunner $2 Billion After Stockholm Antitrust Ruling
3 articles · Updated · Bloomberg · Jul 2
Summary
Stockholm’s Patent and Market Court ordered Google to pay nearly $2 billion to Klarna-owned Pricerunner over abuse of power in comparison shopping services.
The ruling stems from the EU’s antitrust crackdown on Google’s shopping practices, which Pricerunner used to pursue damages in Sweden.
Pricerunner had sought 80 billion Swedish kronor, or about $8.2 billion, but the court dismissed most parts of that claim.
The judgment marks a major financial penalty tied to Europe’s long-running effort to curb Google’s dominance in online search-related markets.