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A Swedish court has ordered Google to pay approximately $1.5 billion in damages to PriceRunner, a price comparison service owned by Klarna, for violating antitrust laws. This ruling marks the largest amount awarded in a competition-related case in Sweden, although it falls short of the nearly $8 billion that PriceRunner had originally sought.
The court found that Google had unfairly favored its own price comparison service over competitors like PriceRunner, which affected market competition. The decision is seen as a significant ruling in the ongoing discussion regarding monopolistic practices in the tech industry. The case had been a protracted legal battle, culminating in this landmark judgment that emphasizes the importance of fair competition in the digital economy.
4 July
A Swedish court reduces Google's liability to $1.48 billion.
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