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ReportTT: US and European antitrust officials to meet in Europe next week

ReportTT: Sources say head of the FTC and EU competition chief to meet next week in Europe over Goog

| Business, Financial & Legal News | Posted: Dec 3, 2012 7:33 am

Google's in a bit of hot water as both the European Union and the United States have probes into the company over allegations that Google used it's large search market share to promote its products to the detriment of others. This has traditionally been a big no-no and has gotten other companies in trouble before.

 

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Reports are saying that the FTC, the US body responsible for investigating anti-trust issues, and Google are currently involved in settlement talks. Reportedly, CEO Larry Page and FTC officials met earlier this week in Washington, D.C. It's been confirmed that Jon Leibowitz, chairmen of the FTC, will be in Europe next week for several matters.

 

They declined to confirm the existence of a meeting between the two groups. Sources familiar with the matter say that Mr. Leibowitx and Joaquin Almunia, EU competition chief, are to meet next week regarding their probes. Google spokesman Adam Kovacevich said, "We continue to work cooperatively with the Federal Trade Commission and European Commission and are happy to answer any questions they may have."

NEWS SOURCES:Online.wsj.com

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