Google said in a filing it expects to pay $2.7 billion EU fine, suggesting appeal might not work

Key Points
  • In an 8-K filed by Google on Tuesday, the company said it expects to accrue the EU's $2.7 billion fine in the second quarter of 2017.
  • Google was fined for antitrust practices, though it argues eBay and Amazon are huge competitors in the online shopping space.
  • Google says it will review the formal decision by the EU.
Google CEO Sundar Pichai.
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Google was hit with a massive $2.7 billion antitrust fine by the European Union on Tuesday, and it sounds like the company expects to pay it.

In an 8-K filed with the United States Securities and Exchange Commission, Google said it will "review the formal decision, but expects that it will accrue the fine in the second quarter of 2017."

In other words, Google may not see much of a chance to win in a potential appeal of the suit, and instead expects that it'll just pay the fine and move onward.

The European Union fined Google for promoting its own shopping results ahead of competitors. Google responded to the fine and argued that its ads help smaller European merchants compete directly with Amazon and eBay. Speaking of Amazon, Google said it views the company as a "formidable competitor" in the space.

In addition to the fine, the EU directed Google to terminate its anti-competitive practices.