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Technology

Sweden's PriceRunner sues Google for 2.1bn euros

Published February 7, 2022 Updated February 7, 2022 12:52pm
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STOCKHOLM: Price comparisons company PriceRunner said on Monday it has sued Alphabet-owned Google for about 2.1 billion euros ($2.40 billion) at a court Stockholm, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services.

PriceRunner said its lawsuit aims to make Google pay compensation for the profits that it has lost in the U.K. since 2008, as well as in Sweden and Denmark since 2013.

Google parent Alphabet nearly doubles annual profit

Investment firm Creades in November agreed to sell PriceRunner to Swedish payments firm Klarna for 1.06 billion Swedish crowns ($124.36 million).

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