Google has been ordered to pay Klarna close to $2bn damages for lost revenue at the fintech’s price comparison site PriceRunner, after a Swedish court deemed the search engine privileged its own comparison service.
The payout, which includes nearly $500mn in accrued interest, represents the largest ever awarded in a Swedish antitrust case but marks a partial win for Klarna, which had sought “significantly higher” compensation of close to $8bn, the court said on Wednesday.
“PriceRunner is considered to have suffered damage as a result of Google having illegally favoured its price comparison service for many years,” the Stockholm Patent and Market Court said.
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