Swedish court orders Google to pay nearly $2B to Klarna’s PriceRunner unit in antitrust dispute
The ruling adds to the financial risks big technology companies face from antitrust cases and could encourage more private lawsuits.
Summary
A Swedish court has ordered Google to pay $1.97 billion in damages to Klarna’s PriceRunner unit after the buy now, pay later company won an antitrust case over Google’s search practices. PriceRunner sued Google in Sweden in 2022, alleging the company gave preferential treatment to its own price-comparison service in search results. The ruling highlights rising legal and financial exposure for major technology companies and may encourage more private competition-related damages claims.
Terms & Concepts
- antitrust case: A legal action alleging conduct that harms competition or abuses market power.