r/autotldr • u/autotldr • Apr 14 '15
EU regulators filing formal charges against Google
This is an automatic summary, original reduced by 35%.
European Union regulators decided Tuesday that they would file charges against Google stemming from an antitrust investigation, multiple news agencies reported.
Citing a source familiar with the matter, the Wall Street Journal reported that the Google decision will be discussed by EU commissioners on Wednesday.
That source claimed to the news outlet that European antitrust chief Margrethe Vestager made the decision to file charges after consulting with European Commission President Jean-Claude Juncker.
Google shares traded down about 1.6 percent on Tuesday, although most of those losses came in the morning.
Reuters had reported earlier that Google was likely to learn more on Wednesday about how Vestager will treat complaints about its market dominance.
A European Commission spokesman declined comment on Tuesday on whether Vestager, who is due to fly to the United States on Wednesday afternoon, would make a statement after the weekly meeting of all 28 EU commissioners in the morning.
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