Google and the European Union have reached a “good degree of understanding” with Google over accusations that the tech giant may have abused its position in the search market to keep down competitors.
In an interview with viEUws TV, European Commission competition vice president Joaquin Almunia said that EU officials hope to have their first technical meeting with Google within the next week.
As The Washington Post reported, Google has been negotiating with the EU, trying to avoid a $4 billion fine and a formal ruling on the matter.
European regulators have been closely scrutinizing American technologycompanies over matters of antitrust and privacy. Many experts now believe, The Post reported, that the legal approach to these technology issues are being guided more by European regulators than by American ones.