Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
The court said Google’s abuse lasted longer than it claimed and called the award the largest ever in a Swedish competition case.
- On Wednesday, the Stockholm Patent and Market Court ruled that Google must pay approximately $1.5 billion in antitrust damages to PriceRunner, finding the tech giant had "for many years, unlawfully favoured its own price comparison service."
- PriceRunner filed its 2022 lawsuit after the European Union General Court upheld findings that Google breached antitrust laws by manipulating search results to favor its own comparison shopping service over competitors.
- Judge Linda Kullberg stated the damages are "without doubt the largest ever decided in a Swedish competition case," while rejecting Google's argument that abuse ended in 2017, finding it continued until 2023.
- Dan Greaves, head of communications and policy at Klarna, said the ruling "supports a healthier, more competitive market for the way people compare products and services," validating the fintech firm's acquisition of PriceRunner.
- A Google spokesman told AFP the company "don't agree with the court's decision" and is reviewing legal options, maintaining that changes to shopping ads in 2017 are "working successfully.
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59 Articles
The US company Google has to pay billions in compensation in Sweden because of years of competition violations.
A striking verdict against Google in Sweden: The US company is to pay more than one billion euros to the Klarna subsidiary Pricerunner. The Internet giant has abused its market dominance.
A striking verdict against Google in Sweden: The US company is to pay more than one billion euros to the Klarna subsidiary Pricerunner. The Internet giant has abused its market dominance.
Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages
A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, handed down on Tuesday by the Patent and Market Court in Stockholm, is the largest competition damages award in Swedish history. Presiding judge Linda Kullberg […] This story continues at The Next Web
Google is ordered to pay 19 billion kronor to the price comparison site Pricerunner – the largest Swedish damages ever. “We are currently reviewing the verdict and considering our options,” Google tells SvD.
A Swedish court on Wednesday ordered Google to pay €1.7 billion ($2.75 billion) in damages to Pricerunner price comparison, owned by the Swedish financial services group Klarna, the US giant illegally favored its own price search service.
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