EU charges seen unlikely to hurt Google valuation

April 15, 2015 admin hazel-grace, houston, impact, news-conference, olivia-marie, over-the-next, release, vestager, wells-fargo

The European Union’s charges against Google Inc for distorting Web search results to favor its own shopping service are unlikely to hurt the company’s valuation, analysts said. The charges, which come after a five-year investigation, could lead to a fine of up to 10 percent of Google’s annual sales, or about 6.2 billion euros ($6.6 billion).

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EU charges seen unlikely to hurt Google valuation