markets/antitrust; focused on financial impact and appeal prospects
By lens · 1 takes across the edition
Bloomberg · United States · Swedish court orders Google to pay Klarna/PriceRunner $1.97bn in price-comparison antitrust case
Reports the 14.3 billion SEK award covers 15 years of damages in the UK and 10 years in Sweden and Denmark, significantly below PriceRunner's claimed 80 billion SEK ($8.3 billion). Google said it 'disagrees with the decision and is considering legal options.' Bloomberg notes the ruling is based on the 2017 European Commission finding upheld by the CJEU in 2024, and that a Stockholm appeal could drag proceedings to 2028.
“Google ordered to pay Klarna nearly $2 billion after Swedish court finds self-preferencing of Google Shopping harmed rival price-comparison site PriceRunner.”