Thursday, 20 September 2012

EUROPEAN seeks more Google concessions with antitrust case.


14:55 |

EUROPEAN Competition Commissioner Joaquin Almunia stated concessions from Google, which is in talks with the European Commission to eliminate complaints from competitors like Microsof company (MSFT. O), had not eliminated far enough. "We are not really there yet, and it must be clear that - from the absence of satisfactory proposals in the short term - I will be obliged to keep with our formal proceedings, " he said from the text of a speech to get delivered at Fordham University in Nyc. "If effective solutions were located quickly and tested successfully, competition could possibly be restored at an early period, " he said. The world's hottest search engine offered new concessions to the EU watchdog in July which often covered computers, tablets and mobile phones but did not provide details. Almunia has said he wants the proposals to get valid worldwide. "We continue to operate co-operatively with the Commission, " said Google spokesman Al Verney. The EU watchdog has said Google's serp's may unfairly favour its services over its rivals' and this it may have copied stuff from other websites, such since travel and restaurant reviews, with out permission. U. S. regulators will also be investigating Google. Almunia also said he would decide "very soon" on Common Music Group's (VIV. PA) $1. 9 billion dollars bid for EMI's recorded music business. Sources have told Reuters an EU decision could come as soon as Friday, ahead of a September 27 deadline. Universal spokesman Andrew d Lofrumento said: "We're working using the commission and remain confident regarding gaining approval. " Almunia, who's investigating several patent disputes including Google's Motorola Mobility, world No. 2 telecoms equipment maker Huawei HWT. UL along with Samsung Electronics (005930. KS), urged the industry to resolve patent spats on its own rather than involve regulators where possible. "I expect the leading companies from the sector not to misuse his or her intellectual property rights, " he said. "It is high time they search for negotiated solutions - I was tempted to call them 'peace talks' - that would end the patent wars. "


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