Google is facing formal antitrust charges in the EU after years of investigation and three attempted settlements. The announcement will be made at the European Commission meeting on Wednesday, EU officials told the media.
If the Commission finds Google guilty, it can order the company to change its business practices and impose fines of up to 10 percent of the company’s global proceeds – more than $6 billion based on its annual revenue.
The EU has been investigating Google since 2010 over complaints by some 20 European and US companies, including Microsoft and Yelp. They want the EU to compel Google to stop favoring its own services with search algorithms – an issue they also raised with US regulators.