Whispers around Brussels tell the industry Google could be on its way to a whopping €1 billion fine from the European Commission after claims it abused its search market dominance.
The company is facing three antitrust decisions on the search group’s practices over the next couple of weeks, and according to sources from the Financial Times, the €1 billion slap is related to Google’s Shopping service.
Both parties have declined to comment for the moment, though if true, the fine would exceed that handed out to Intel in 2009.
It could be the beginning of another fall out between the European Commission and Silicon Valley, following the decision to fine Apple €13 billion for creative tax arrangements last year.
In truth, the European Commission is probably bowing to a little bit of pressure and lobbying power from Google’s rivals, who have been seeking investigations into the search giant’s activities for some time.
While this is unlikely to have Google execs sweating for the moment, the group holds $90 billion as of its last quarterly update, the ripples could be very worrying for future diversification ambitions.