Nordic Firm Slaps $2.4B Antitrust Case Against Google

Nordic price comparison provider PriceRunner AB sued Alphabet Inc’s GOOG GOOGL Google for ~22 billion kronor ($2.4 billion) at Sweden’s patent and market court, Bloomberg reports.
The lawsuit follows the conclusion of a legal ruling in the European Union.
The ruling established Google has breached antitrust laws by manipulating search results in favor of its comparison-shopping services.
“This is also a matter of survival for many European entrepreneurial companies and job opportunities within tech,” the report quoted Mikael Lindahl, CEO of PriceRunner.
The Nordic company, which has agreed to be bought by Klarna Bank AB, sees the final damages of the lawsuit as “significantly higher” because the violation is still ongoing.
Price Action: GOOGL shares traded higher by 0.42% at $2,878 in the premarket session on the last check Monday.

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