Search behemoth Google today offered to settle an ongoing European antitrust investigation in a bid to prevent it from being served with huge fines and restrictions on its business practices in Europe.
Google chairman Eric Schmidt has sent a letter to E.U. Competition Commissioner Joaquin Almunia, according to a Commission spokesperson, in which Schmidt offered a deal which could prevent a fully-fledged antitrust investigation.
The letter addressed the "four areas the European Commission described" last month -- which can be found here.
The details of the letter were not open for disclosure, but a spokesperson said it &… Read more