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Alphabet (GOOGL) Says EU Online Shopping Decision Underestimates Value of Fast and Easy Connections
June 27, 2017 9:33 AM EDTAlphabet (NASDAQ: GOOGL) disclosed in an SEC filing:
On June 27, 2017, the European Commission (EC) announced its decision that certain actions taken by Google Inc. (Google), a wholly-owned subsidiary of Alphabet Inc. (Alphabet), regarding Googles display and ranking of shopping ads infringed European competition law. The EC decision imposes a 2.42 billion fine and directs the termination of the conduct at issue. Googles blog post response to the EC decision is attached hereto as Exhibit 99.1 and is... More
