Google Says EU's Record $2.8B Antitrust Fine 'Not Warranted'

Google attacked the European Union for basing its record-breaking 2.4 billion-euro ($2.8 billion) penalty in June against the search-engine giant on untested antitrust theories and ignoring the competitive pressure exerted by the likes of Inc. and eBay Inc. Google contends that a fine “was not warranted” on grounds that the European Commission put forward a novel theory and previously signaled the case could be solved without a financial penalty by initially seeking an amicable solution with the Alphabet Inc. unit.