(MENAFN - Kuwait News Agency (KUNA)) EU Competition Commissioner Joaquin Almunia met here Tuesday Eric Schmidt, executive chairman of the giant internet search engine Google, to reach an agreement on competition concerns.
"Since our preliminary talks with Google started in July, we have substantially reduced our differences regarding possible ways to address each of the four competition concerns expressed by the Commission," said Almunia in a statement tonight.
He noted that The four EU concerns are: - the way in which Google's vertical search services are displayed within general search results as compared to services of competitors; - the way Google may use and display third party content on its vertical search services; - exclusivity agreements for the delivery of Google search advertisements on other websites; and - restrictions in the portability of AdWords advertising campaigns.
"On the basis of the progress made, I now expect Google to come forward with a detailed commitment text in January 2013," he noted.
The European Commission launched an antitrust investigation into allegations that Google had abused a dominant market position in November 2010.