EU's Almunia sets deadline for Google antitrust plan
By Foo Yun Chee
BRUSSELS (Reuters) - The European Union set Google an ultimatum on Tuesday, giving it a month to come up with detailed proposals to resolve a two-year investigation into complaints that it used its power to block rivals, including Microsoft.
The EU's antitrust chief, Joaquin Almunia, delivered the deadline in a meeting with Google Executive Chairman Eric Schmidt in Brussels.
If it fails to address the complaints, the world's most popular search engine could face a lengthy battle with what is arguably the world's most powerful antitrust authority. If found guilty, it could mean a fine of up to 10 percent of its revenue, or $4 billion.
"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."
Almunia said he would seek feedback from rivals and users once he has received Google's proposal.
Google said it continues to work co-operatively with the Commission.
The European Commission has been examining informal settlement proposals from Google since July but has not sought feedback from the complainants, suggesting it is not convinced by what Google has put on the table so far. Continued...