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Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages - Finance news and analysis from Global Banking & Finance Review
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Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages 

Published by Global Banking & Finance Review

Posted on July 1, 2026

1 min read

· Last updated: July 1, 2026

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Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages

Google Ordered to Pay Antitrust Damages to Klarna's PriceRunner

Background of the Case

STOCKHOLM, July 1 (Reuters) - 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. 

Court's Statement

"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.

Details of the Lawsuit

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.

Currency Exchange Rates

($1 = 9.7291 Swedish crowns)

($1 = 0.8775 euros)

Reporting Credits

(Reporting by Anna Ringstrom, editing by Essi Lehto )

Key Takeaways

  • The damages award stems from Sweden’s largest private antitrust claim, originally seeking as much as SEK 77 billion (~$8.3 billion), tied to Google’s preference for its own Shopping product in search results (legalclarity.org)
  • The legal fight is part of wider European litigation following a 2017 EU antitrust ruling and a 2024 EU Court of Justice confirmation that Google’s self‑preferencing violates competition law (legalclarity.org)
  • Even with the court’s ruling, Google is expected to appeal and any awarded sum may be diluted by sharing agreements, litigation funding costs, and taxation, making actual recovery uncertain (legalclarity.org)

References

Frequently Asked Questions

Who was ordered to pay antitrust damages in Sweden?
Alphabet's Google was ordered by a Swedish court to pay antitrust damages.
How much must Google pay Klarna according to the court ruling?
Google is required to pay approximately $1.47 billion (14.3 billion Swedish crowns).
Who will receive the antitrust damages from Google?
Klarna's subsidiary Pricerunner will receive the damages.
Which court made the ruling against Google?
A Swedish court made the antitrust ruling against Google.
What is the currency conversion rate mentioned in the article?
The article cites $1 equals 9.7291 Swedish crowns.

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