Comparator PriceRunner sues Google for €2.1 billion in antitrust proceedings, Corporate News

ALPHABET INC.

ALPHABET INC.

Comparator PriceRunner sues Google for €2.1 billion in antitrust proceedings | Photo credits: Benny Marty / Shutterstock.com

STOCKHOLM, Feb 7 (Reuters) – Swedish price comparator PriceRunner said on Monday it was suing Alphabet Group-owned Google for around 2.1 billion euros, accusing the internet giant of anti-competitive practices by manipulating results research in favor of its own comparison services.

PriceRunner said its lawsuit in Stockholm seeks compensation from Google for the loss of revenue it has suffered since 2008 in the UK market and since 2013 in Sweden and Denmark.

The investment fund Creades sold PriceRunner in November to the Swedish online payments company Klarna for 1.06 billion Swedish crowns (101.3 million euros). (Report Supantha Mukherjee, French version Laetitia Volga, edited by Blandine Hénault)



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