More than 30 European news media companies, including Axel Springer, have filed a lawsuit against Google, seeking approximately $2.1 billion in damages. The companies allege that Google’s ad technology practices have created a less competitive market, resulting in financial losses for the media firms.
The lawsuit points to previous regulatory actions against Google, including the French competition authority’s fine and the European Commission’s statement of objections issued in June regarding abusive practices in online advertising tech.
