Google fined $270 million in France for unfair advertising practices
CNNLondon CNN Business — Google will pay a €220 million fine and make changes to its huge online advertising business as part of an antitrust settlement with French regulators. In a statement on Monday, France’s competition authority said it had fined Google “for abusing its dominant position” in the market for online advertising to the detriment of rival platforms and publishers. “The decision sanctioning Google is particularly significant because it is the first decision in the world to examine the complex algorithmic bidding processes by which online display advertising operates,” France’s antitrust chief Isabelle de Silva said in the statement. De Silva said that the fine and Google’s commitments “will restore a level playing field for all players, and the ability of publishers to make the most of their advertising space.” The case followed complaints by News Corp, French news publishing group Le Figaro and Belgian press group Rossel.