EU Gives Google More Time to Resolve Antitrust Concerns
The European Commission is allowing Google more time to address concerns regarding the Digital Markets Act. Its previous proposal was deemed insufficient.
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ALPHABET INC-CL A received an extension from the European Commission on Friday to revise its proposal regarding Digital Markets Act compliance. Regulators previously rejected Google's initial solution for failing to address competition concerns within the single market. The delay prevents an immediate fine while keeping the threat of penalties over Google's European operations.
