European Union antitrust regulators are taking aim at Google’s lucrative digital advertising business. [CutID: <Cuts> GOOGLE-EU-house-q-WEDam.mp3 Time: 28s Title: GOOGLE-EU-house-q-WEDam Out-cue: issued blockbuster fines] TAG: Correspondent Jeremy House reporting. —————————– VERBATIM: The regulators say the tech giant must sell off some of its ad business to address competition concerns. The European Commission says its preliminary […]
Audio
EU: Google must break up digital ad business over competition concerns
European Union antitrust regulators are taking aim at Google’s lucrative digital advertising business.
[CutID: <Cuts> GOOGLE-EU-house-q-WEDam.mp3
Time: 28s
Title: GOOGLE-EU-house-q-WEDam
Out-cue: issued blockbuster fines]
TAG: Correspondent Jeremy House reporting.
—————————–
VERBATIM: The regulators say the tech giant must sell off some of its ad business to address competition concerns. The European Commission says its preliminary view after an investigation is that “only the mandatory divestment by Google of part of its services” would satisfy the concerns. The European Union has led the global movement to crack down on Big Tech companies, but rather than splitting up businesses it has previously issued blockbuster fines.