Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages


FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo/File Photo

STOCKHOLM, July ⁠1 (Reuters) - A Swedish court ⁠said on Wednesday Alphabet's ‌Google is to pay the equivalent of around 14.3 billion ​Swedish crowns ($1.5 billion) ⁠in antitrust damages ⁠to Klarna's price comparisoncompany PriceRunner.

"PriceRunner ⁠is ‌considered to have suffered damage ⁠as a result of Google having ​illegally ‌favoured its price comparison ⁠service for ​many years," the Stockholm Patent and Market Court ⁠said in a ​statement.

PriceRunner in 2022 sued Google for around €2.1 billion ($2.4 billion) at ⁠the court, saying the company breached antitrust laws by manipulating search results ​in favour ⁠of its own comparison shopping ​services.

($1 = 9.7291 ‌Swedish crowns)

($1 = 0.8775 euros)

(Reporting ​by Anna Ringstrom, editing by Essi Lehto )

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