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EU To Announce Antitrust Moves Against Google On Wednesday

April 14, 2015 11:40 PM
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EU To Announce Antitrust Moves Against Google On Wednesday

BRUSSELS, April 15 (Reuters) - The European Union will accuse Google on Wednesday of abusing its dominant position in Internet searches, opening the U.S. tech company up to a risk of massive fines and enforced changes in its business model, the Financial Times and Wall Street Journal said on Tuesday.

However, two sources familiar with the matter told Reuters that a formal antitrust charge sheet will not be ready for Wednesday and could take several more months to draw up. The EU can impose fines of up to 10 percent of global turnover, or more than $6 billion in penalties in Google's case.

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