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Google can’t be broken up without new legislation, says Competition Commissioner

Competition Commissioner Almunia. Brussels, 20 May. [EC]

Competition Commissioner Almunia. Brussels, 20 May. [EC]

Google cannot be broken up into smaller companies without new EU legislation, the European Commission said today (20 May), after detailing two potential new antitrust investigations into the internet giant.

Competition Commissioner Joaquín Almunia was responding to comments made earlier this week by German’s Economy Minister Sigmar Gabriel,  who said Google may have such a dominant market position that a break-up had to be “seriously considered.” Existing competition law was not powerful enough to split up the business, Almunia said.

The California-based company may yet face a separate antitrust investigation to the one ongoing since November 2012. Open Internet Project, a group of 400 European digital market members, made a different complaint (here) on Friday.

The complaint was being looked into, Almunia said during a press conference to announce that HSBC, JP Morgan Chase and Credit Agricole were being charged with rigging bank benchmark rates (here).

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This entry was posted on November 6, 2014 by in Competition law, Google, Journalism and tagged , , , .

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