Google has submitted a package of concessions to European Union competition regulators in a strong signal that the worlds No. 1 search engine may be able to settle a two-year antitrust investigation without a fine.
Google first offered proposals at the end of January following a spate of complaints from rivals such as Microsoft that triggered the European Commission’s investigation in November 2010. But the company,which has a market share of over 80% in Europes internet search market according to research firm comScore,has now made a formal offer after fine-tuning its proposals following discussions with the EU antitrust authority.
In the last few weeks,the Commission completed its preliminary assessment formally setting out its concerns. On this basis,Google then made a formal submission of commitments to the commission, said Antoine Colombani,the Commission’s spokesman on competition policy.
We are now preparing the launch of a market test to seek feedback from market players,including complainants,on these commitment proposals, he said,declining to provide details. EU competition commissioner Joaquin Almunia,speaking in Washington,said on Thursday that whatever agreement is reached will be legally binding.
I am trying to reach a decision…that will include legally binding commitments based on the Google proposal, he told reporters. The US Federal Trade Commission wrapped up a similar probe in January,concluding that Google did not manipulate search results.