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Google agreed to pay roughly $270 Mn in fines and change some of its business practices as part of a settlement announced on Monday with French antitrust regulators who had accused the company of abusing its dominance of the online advertising market.
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French competition regulators said Google used its position as the world’s largest internet advertising company to hurt news publishers and other sellers of internet ads. Authorities said a service owned by the Silicon Valley giant and used by others to sell ads across the internet gave Google’s business an advantage, undercutting the competition.