Googlehas agreed the outlines of a settlement with Europe’s top competition authority, in a deal that would spare the US search giant from formal antitrust charges for allegedly abusing its dominance.
In a big test for how Google handles the mounting regulatory scrutiny it is facing worldwide, the company offered to make significant changes to its business to avoid a lengthy EU legal battle and the threat of multibillion-dollar fines.
While the deal must still be finalised, the talks have cleared an important hurdle that could save Google from the sort of decade-long fight in Brussels that dogged the likes of Microsoftand Intel.
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