EU's Almunia says expects Google antitrust proposals in January
BRUSSELS (Reuters) - The European Union's antitrust chief said on Tuesday he expects Google (GOOG.O) to present detailed proposals next month to resolve regulatory concerns that it used its clout to block rivals including Microsoft (MSFT.O).
EU Competition Commissioner Joaquin Almunia's comments came after a meeting with Google's executive chairman, Eric Schmidt, in Brussels.
"Since our preliminary talks with Google started in July, we have substantially reduced our differences regarding possible ways to address each of the four competition concerns expressed by the Commission," Almunia said in a statement.
"On the basis of the progress made, I now expect Google to come forward with a detailed commitment text in January 2013," he said.
(Reporting by Foo Yun Chee; editing by Robin Emmott)
- Tweet this
- Share this
- Digg this
- India withdraws regulator's power to cap non-essential drug prices
- U.S. Treasury moves against tax-avoidance 'inversion' deals
- India's Mars mission a step closer to success with engine test
- PM Modi to get rock star reception in New York
- U.S., backed by Arabs, launches first strikes on fighters in Syria
Jack Ma, executive chairman of Alibaba Group Holding Ltd , has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy. Full Article