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Google Ordered to Pay Klarna Nearly $2 Billion in Antitrust Suit

Google Ordered to Pay Klarna Nearly $2 Billion in Antitrust Suit
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Google Ordered to Pay Klarna Nearly $2 Billion in Antitrust Suit Alphabet Inc.’s Google was ordered to pay almost $2 billion to Klarna Group Plc’s Pricerunner unit in a dispute over the search-engine giant’s abuse of power in the market for comparison shopping services. The Patent and Market Court in Stockholm, which issued the judgment on Wednesday, dismissed most parts of the claim in which Pricerunner sought 80 billion Swedish kronor ($8.2 billion) in the wake of a European Union...

Google Ordered to Pay Klarna Nearly $2 Billion in Antitrust Suit Alphabet Inc.’s Google was ordered to pay almost $2 billion to Klarna Group Plc’s Pricerunner unit in a dispute over the search-engine giant’s abuse of power in the market for comparison shopping services. The Patent and Market Court in Stockholm, which issued the judgment on Wednesday, dismissed most parts of the claim in which Pricerunner sought 80 billion Swedish kronor ($8.2 billion) in the wake of a European Union antitrust crackdown on the search-engine giant’s abuse of market power.
Antitrust Suit Google (ORG) Antitrust Suit Alphabet Inc.’s (ORG) Google (ORG) Klarna Group Plc’s (ORG) Pricerunner (ORG) The Patent and Market Court (ORG) Stockholm (LOCATION) European Union (ORG)
Originally published by Bloomberg Technology Read original →