Alphabet Inc.
09/05/2025 | Press release | Distributed by Public on 09/05/2025 14:53
Material Event (Form 8-K)
Item 8.01. Other Events.
On September 5, 2025, the European Commission (EC) announced its decision that Google LLC ("Google"), a wholly-owned subsidiary of Alphabet Inc. ("Alphabet"), had infringed European competition laws through "self-preferencing" practices on the buy-side and the sell-side relating to its advertising technology business. The EC decision imposes a €2.95 billion fine and directs Google to cease and desist the alleged "self-preferencing" practices. Google plans to appeal the ruling. Alphabet expects that it will accrue the fine in the third quarter of 2025.
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