European regulators say they are encouraged by recent negotiations with Google aimed at settling an antitrust investigation into the company's business practices.
Moving towards settling an antitrust investigation
Tuesday's statement from the European Commission comes three weeks after Google Inc. submitted a list of changes that it's willing to make to address complaints that it unfairly favors its own services in its influential Internet search results.
Google's proposed revisions haven't been made public, but the EC indicated the concessions were good enough to offer hope for a settlement.
The EC gave no time frame for reaching a resolution, saying more detailed discussions with Google will be scheduled. Google has repeatedly expressed its desire to avoid a court battle.
European regulators opened their investigation in late 2010. U.S regulators are in the midst of a similar inquiry.
Published Date: Jul 25, 2012 09:45 am | Updated Date: Jul 25, 2012 09:45 am