Google close to EU deal over search results

|By:, SA News Editor

Google (GOOG) is nearing a settlement with EU regulators over an antitrust investigation into the company's search-engine practices after it made further concessions.

Competition Commissioner Joaquin Almunia said he believed that Google's proposals made it easier to see the firm's rivals in search results. Over the past several months, Google has offered to mark out its services from competing products and make it easier for advertisers to move their search ad campaigns to the company's peers.

Meanwhile, the U.S. FTC is reportedly unlikely to challenge Google's $1.1B acquisition of Israeli mapping application Waze. Google has already offered U.K. competition authorities concessions so that they will approve the deal.

In the U.K., Google is sure to raise the ire of many with the revelation that it payed a mere $55M in tax in 2012 on sales of $4.9B due to its sophisticated tax-avoidance schemes.