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Antitrust: European Commission Fines Google for Record €4.34 billion for Illegal Practices

It's a record-setting fine: the European Commission has officially ruled that Google must pay a fine of €4.34 billion for breaking antitrust laws, specifically related to the implementation of its services within the Android ecosystem. The three key areas within which the EC has found wrongdoings pertain to bundling of its search engine and Chrome apps into the operating system; blocking phone makers from creating devices that run forked versions of Android (claiming, without proof, that these versions would offer more security risks), and "made payments to certain large manufacturers and mobile network operators" to exclusively bundle the Google Search app on handsets.

Google now has 90 days to comply with the EC's decision (notwithstanding payment of the fine), which Google, obviously, has already announced will appeal the decision. In a statement to The Verge, a Google representative said that "Android has created more choice for everyone, not less. A vibrant ecosystem, rapid innovation, and lower prices are classic hallmarks of robust competition," and that Google "(...) will appeal the Commission's decision." The idea here seems to be to stop Google from forcing manufacturers to bundle their app and search software stacks - many times in a seemingly unremovable way. You can check the press release in the source link, but some of the more interesting snippets have been collated after the break.

European Comission Fines Capacitor Producers In €254 Million Over Cartel Fraud

The European Comission has put out yet another fine to tech companies, joining some other multi-million dollar fines that have already been dolled out. The targets of the latest fine over cartel association and price manipulation is being pointed at nine Japanese capacitor manufacturers, which were found by the European Comission to have conspired towards unduly increasing capacitor pricing between the years of 1998 and 2012.

The companies named in the investigation aren't an exact match to those that were actually fined, though. Sanyo, Hitachi, Rubycon, ELNA, Tokin, NEC, Matsuo, Nichicon, Nippon Chemi-Con, Vishay Polytech, Holy Stone Holdings, and Holy Stone Enterprises, for instance, were named. However, Tokin, Elna, Rubycon, and Hitachi each received reductions in their respective fines for cooperating with the investigation. The largest single fine, totalling €97,921,000, was given to Nippon Chemi-Con. Sanyo, however, outsmarted all its competitors - the company dodged the fine altogether for bringing the matter to the attention of the Commission in the first place. This is an interesting tactic - proceeding to take part in a cartel, extract profits, and then turn over the cartel associates to regulating bodies at the price of immunity. A part of the ruling justifying the fines can be seen after the break.
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Dec 23rd, 2024 10:36 EST change timezone

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