The European Union is planning to fine Google parent company Alphabet (GOOGL) following an antitrust investigation into alleged anti-competitive practices.
The exact amount of the fine isn’t known publicly, but it is being reported to be a “high triple-digit million-euro amount.”
Media reports say that the fine will be the largest penalty the European Union has imposed for a ?breach of its Digital Markets Act (DMA), which aims to curb the power of technology companies.
The investigation, launched in March 2025, relates to concerns that Google favours its own services in its search results.
Alphabet has responded to reports of the fine by criticizing the European Union's rules and saying that it’s ?keen to resolve the case and move forward.
“The changes we've already made to Search under the DMA represent the biggest downgrade in the product's history, creating a second-rate experience ?for Europeans,” said Alphabet.
Earlier this month, the European Union said it had ?given Google a little bit more time to resolve concerns after a previous proposal from the company fell short of expectations.
GOOGL stock has risen 122% over the last 12 months to trade at $382.97 U.S. per share.
Tech Insider
