Latest news with #MoltiplyGroup
Yahoo
12-05-2025
- Business
- Yahoo
Italy's Moltiply sues Google for $3.34bn
Italy's Moltiply Group has initiated legal action against Google, seeking €2.97bn ($3.34bn) in damages for what it claims is an abuse of market dominance. This lawsuit follows a European Union Court of Justice ruling recognising Google's dominant position. Moltiply, which operates the price comparison website alleged that Google favoured its own service, Google Shopping, to the detriment of Moltiply's subsidiary, 7Pixel, from 2010 to 2017. The lawsuit was filed in a Milan court in Ital, according to Italian daily Corriere della Sera report. Specific details of the case were not disclosed. A spokesperson for Google was cited by Reuters as saying in a statement: 'We disagree strongly with these exorbitant private damages claims which disregard this successful and growing industry.' This legal action follows a 2017 decision by the European Commission, which imposed a fine on Google for favouring its own price comparison shopping service over smaller European competitors. Google's subsequent appeal against the €2.42bn fine was rejected in September 2024, solidifying the Commission's stance on Google's anticompetitive behaviour. The Google spokesperson added: 'The changes Google made in 2017 following the European Commission's decision are working as intended and the number of comparison shopping sites in Europe using our shopping features has multiplied from just 7 to more than 1,550.' In April 2025, Or Brook Class Representative Limited, a company wholly owned and controlled by Dr. Brook, filed a class action lawsuit in the UK against Google. The lawsuit seeks potential damages exceeding £5bn ($6.62bn) citing claims that the US tech giant leveraged its dominant position to inflate prices. It was filed at the UK Competition Appeal Tribunal by competition law expert, Dr Or Brook. "Italy's Moltiply sues Google for $3.34bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
Google Faces Potential $3.3 Billion Antitrust Lawsuit in Italy
Italy's price comparison site operator Moltiply Group MOL 2.93%increase; green up pointing triangle is suing Alphabet's GOOGL 1.92%increase; green up pointing triangle Google for 2.97 billion euros ($3.33 billion) in damages over what it called anti-competitive behaviour. The lawsuit, which leans on a key European Commission ruling, alleges that the tech giant abused its market dominance to suppress competition from a comparison platform operated by Moltiply subsidiary 7Pixel.
Time of India
09-05-2025
- Business
- Time of India
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
MILAN: Italy 's Moltiply Group said on Friday it was suing Alphabet's Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. An Italian spokesperson for Google declined to immediately comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine.
Reuters
09-05-2025
- Business
- Reuters
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
MILAN, May 9 (Reuters) - Italy's Moltiply Group ( opens new tab said on Friday it was suing Alphabet's (GOOGL.O), opens new tab Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. An Italian spokesperson for Google declined to immediately comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine. ($1 = 0.8894 euros)
Yahoo
09-05-2025
- Business
- Yahoo
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
MILAN (Reuters) -Italy's Moltiply Group said on Friday it was suing Alphabet's Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. An Italian spokesperson for Google declined to immediately comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine. ($1 = 0.8894 euros)
