Google should break up digital ad business over competition concerns, European regulators say
The Associated Press
BRUSSELS (AP) – European Union regulators have hit Google with fresh antitrust charges, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant’s main moneymaker.
The unprecedented decision Wednesday to push for such a breakup marks a significant escalation by Brussels in its crackdown on Silicon Valley digital giants.
The European Commission said its preliminary view after an investigation is that “only the mandatory divestment by Google of part of its services” would satisfy the concerns.
Google can now make its case before a final decision. The company says it disagreed with the preliminary finding and “will respond accordingly.”
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6/14/2023 12:35:37 PM (GMT -5:00)