Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Record $4.5 billion EU fine punished its innovation, Google tells EU court
    Finance

    Record $4.5 billion EU fine punished its innovation, Google tells EU court

    Published by Global Banking and Finance Review

    Posted on January 28, 2025

    2 min read

    Last updated: January 27, 2026

    Image of Kim Leadbeater addressing the media about proposed changes to the UK's assisted dying law, emphasizing the removal of High Court judge sign-off to enhance the legislative process.
    Lawmaker Kim Leadbeater discusses UK's assisted dying law changes - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationEuropean CommissionGoogleCompetition

    Quick Summary

    Google appeals a $4.5 billion EU fine, claiming it punishes innovation. The court's decision will be final. Google's ad tech business is also under scrutiny.

    Record $4.5 billion EU fine punished its innovation, Google tells EU court

    By Foo Yun Chee

    BRUSSELS (Reuters) - A record EU antitrust fine of 4.3-billion-euro ($4.5 billion) imposed on Google seven years ago punished the tech giant over its innovation, the Alphabet unit told Europe's top court on Tuesday, as it asked judges to scrap the EU decision.

    Google's appeal to the Luxembourg-based Court of Justice of the European Union comes two years after a lower tribunal sided with the European Commission which said the company used its Android mobile operating system to quash rivals. 

    The lower court trimmed the fine to 4.1 billion euros.

    "Google does not contest or shy away from its responsibility under the law, but the Commission also has a responsibility when it runs investigations, when it seeks to reshape markets and second-guess pro-competitive business models, and when it imposes multi-billion-euro fines," Google lawyer Alfonso Lamadrid told the court.

    "In this case, the Commission failed to discharge its burden and its responsibility and, relying on multiple errors of law, punished Google for its superior merits, attractiveness and innovation," he said.

    Lamadrid defended Google's agreements which forced phone manufacturers to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices, and prevented them from using rival Android systems.

    EU antitrust enforcers had said such requirements thwarted competition.

    Lamadrid argued that "these agreements and conditions did not restrict competition, they fostered it." 

    Judges will rule in the coming months. Their decision would be final and cannot be appealed. Google is currently in the EU crosshairs over its lucrative ad tech business, over which a decision is likely this year.

    The case is C-738/22 P - Google and Alphabet v Commission.

    ($1 = 0.9533 euros)

    (Reporting by Foo Yun Chee; Editing by Bernadette Baum; Editing by Bernadette Baum)

    Key Takeaways

    • •Google appeals a $4.5 billion EU antitrust fine.
    • •The fine was imposed for Google's use of Android to limit competition.
    • •Google argues the fine punishes its innovation.
    • •The EU court's decision will be final and unappealable.
    • •Google's ad tech business is also under EU scrutiny.

    Frequently Asked Questions about Record $4.5 billion EU fine punished its innovation, Google tells EU court

    1What was the amount of the EU antitrust fine imposed on Google?

    The EU imposed a record antitrust fine of 4.3 billion euros, which is approximately $4.5 billion.

    2What is Google's main argument in its appeal?

    Google argues that the EU Commission's actions punished the company for its innovation and that the agreements with manufacturers fostered competition rather than restricted it.

    3What did the lower court decide regarding the fine?

    The lower court reduced the fine to 4.1 billion euros but upheld the European Commission's ruling.

    4What is the significance of the judges' upcoming decision?

    The judges' ruling will be final and cannot be appealed, making it a critical moment for Google and its operations in Europe.

    5What other issues is Google facing in the EU?

    In addition to the antitrust fine, Google is currently under scrutiny in the EU regarding its lucrative ad tech business.

    More from Finance

    Explore more articles in the Finance category

    Image for Erli accuses Allegro of price manipulation in Poland e-commerce
    Erli accuses Allegro of price manipulation in Poland e-commerce
    Image for UK industry body says Sanofi in breach over RSV therapy claims against Pfizer
    UK industry body says Sanofi in breach over RSV therapy claims against Pfizer
    Image for Zurich Insurance discloses interest in UK's Beazley as takeover battle intensifies
    Zurich Insurance discloses interest in UK's Beazley as takeover battle intensifies
    Image for London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill
    London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill
    Image for Factbox-What is in France's 2026 budget?
    Factbox-What is in France's 2026 budget?
    Image for Banco BPM to double board seats chosen by minority investors, documents show
    Banco BPM to double board seats chosen by minority investors, documents show
    Image for Trump still aims for Greenland control, its Prime Minister Nielsen warns
    Trump still aims for Greenland control, its Prime Minister Nielsen warns
    Image for Ukraine's electricity imports jump 40% to record 894 gigawatt hours in January
    Ukraine's electricity imports jump 40% to record 894 gigawatt hours in January
    Image for France set to pass delayed 2026 budget, ending months-long saga
    France set to pass delayed 2026 budget, ending months-long saga
    Image for Uber in talks with French social security agency after driver status dispute
    Uber in talks with French social security agency after driver status dispute
    Image for Aptiv's quarterly profit falls on higher tax expense
    Aptiv's quarterly profit falls on higher tax expense
    Image for EU's Russian gas import ban legally sound, will end 'blackmail', Energy Commissioner says
    EU's Russian gas import ban legally sound, will end 'blackmail', Energy Commissioner says
    View All Finance Posts
    Previous Finance PostAlibaba's Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose
    Next Finance PostEuro zone banks tighten companies' access to credit, ECB survey shows