Google Withdrawal Threats Risk Antitrust Backlash, Vestager Says
EU Competition Commissioner warned of antitrust action against technology giants if they threaten to pull out of markets.
(Bloomberg) -- European Union Competition Commissioner Margrethe Vestager warned of potential antitrust action against Google or other U.S. technology giants if they threaten to pull out of markets.
Vestager told the European Parliament’s economy committee on Tuesday that there could be scope for “investigating if it’s actually legal for a dominant provider to stop supplying” services, adding that the EU “would have a number of tools to use.”
Her comments follow controversy in Australia, where Google and Facebook Inc. have been lobbying against a proposed law to require the search and social media companies to pay publishers for the value stories generate on their digital platforms
Google declined to comment on the latest warning by Vestager, who has fined it more than $9 billion for antitrust breaches.
Meanwhile, it confirmed a report by Reuters that it had received antitrust objections from French regulators over its alleged non-compliance with an order to pay publishers for news snippets.
Alphabet Inc.-owned Google said it would review the statement of objections and “will work closely with the French competition authority.”
“Our priority is to comply with the law, and to continue to negotiate with publishers in good faith, as evidenced by the agreements we have made with publishers in the past few months,” the company said.
The French competition authority didn’t immediately respond to a request for comment outside of usual business hours.
©2021 Bloomberg L.P.