Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo/File Photo
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STOCKHOLM, July 1 : A Swedish court said on Wednesday Alphabet’s Google is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna’s price comparison company PriceRunner.
“PriceRunner is considered to have suffered damage as a result of Google having illegally favoured its price comparison service for many years,” the Stockholm Patent and Market Court said in a statement.
PriceRunner in 2022 sued Google for around €2.1 billion ($2.4 billion) at the court, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services.
($1 = 9.7291 Swedish crowns)
($1 = 0.8775 euros)
Source: Reuters
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