July 3, 2012
Google Submits Proposal To Address EU Antitrust Concerns
redOrbit Staff & Wire Reports - Your Universe Online
Almunia set a deadline of early July for Google to settle these concerns, or face formal charges and hefty fines.
A spokesman for Almunia confirmed that the European regulatory body had received a proposal from Google's executive chairman, Eric Schmidt, on Monday in response to Almunia´s request.
Google said its proposal complied with Almunia´s request, and that it would continue to work with the EU watchdog.
"We have made a proposal to address the four areas the European Commission described as potential concerns. We continue to work cooperatively with the Commission," said Google spokesman Al Verney in a statement posted by BBC News on Monday.
Mountain View, CA-based Google has nearly 95 percent of Europe´s Internet search traffic, Microsoft said last year, citing data from regulators.
The company is currently under investigation by regulators in a number of countries, including the United States, Argentina and South Korea, for potential anti-trust violations.
Microsoft, which makes the Bing search engine, the British shopping website Foundem and other companies were among those who filed the complaints with the Almunia´s organization that triggered the probe.
“We hope the proposals reflect a greater willingness to end Google´s anti-competitive behavior than has its consistent rejection of the concerns that Mr. Almunia identified after collecting evidence for nearly two years,” said Thomas Vinje, an attorney for the FairSearch Coalition, a group that represents Microsoft, Expedia, TripAdvisor and other online travel agencies.
Vinje said FairSearch hoped Google's proposal would address their concerns.
Both Google and Mr. Almunia´s office declined to disclose any details of Google´s proposed settlement.