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Turkey fines Google $75 million for violating competition law

12/13/2024

Less than a minute

2024.12.13 08:35

ISTANBUL (Reuters) – Turkey’s competition authority has fined Alphabet (NASDAQ:) Inc’s Google 2.61 billion lira ($75 million), for taking advantage of its dominant position in ad server services market, the regulator said in a statement on Friday.

The antitrust body said Google has favored its own supply-side platform (SSP) service over rivals and that move made its competitors’ operations difficult.

© Reuters. FILE PHOTO: The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, U.S. August 13, 2024. REUTERS/Manuel Orbegozo/File Photo

Google must ensure within six months that competitors are not disadvantaged and provide third-party SSPs similar conditions that are applied to its own services, the regulator added.

($1 = 34.9456 liras)

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12/13/2024

Less than a minute