TOPLINE:
Google may have to pay a record €4.125 billion ($4.12 billion) fine to the European Union in an antitrust case linked to its Android operating system for smartphones after losing a court appeal on Wednesday, a ruling that is likely to bolster the bloc’s ability to crackdown on big tech companies.
KEY FACTS:
The European Court of Justice’s General Court ruled to uphold the EU executive commission’s 2018 decision to penalize Google, only slightly reducing the fine from €4.34 billion to €4.125 billion as its reasoning differed “in certain respects” to the commission’s.
The €4.125 billion fine is…
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