Google's long battle with European antitrust regulators over what the European Commission deemed to be anti-competitive search practices appears to be reaching a conclusion. The commission's competition commissioner Joaquin Almunia has approved the settlement, but a formal vote among all commissioners will reportedly take place in the coming months. The agreement would mean Google would avoid paying a penalty that could have reached $5 billion.
Yesterday, Google published the settlement in full. It's … long. So here's the abridged version, as Google explained in yesterday's blog post.
CNBC's content partner Re/code has the whole story here.
—By Jason Del Rey, Re/code.net.
CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.