UPDATE 1-Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages

Klarna Group Plc
Alphabet Inc. Class A
Match Group, Inc.

Klarna Group Plc

KLAR

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Alphabet Inc. Class A

GOOGL

0.00

Match Group, Inc.

MTCH

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Adds detail from court in paragraph 2, background in 3

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STOCKHOLM, July 1 (Reuters) - A Swedish court said on Wednesday Alphabet's Google GOOGL.O is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna's KLAR.N price comparison company PriceRunner.

"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 in a statement.

PriceRunner in 2022 sued Google for around €2.1 billion ($2.4 billion) at the court, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services.

($1 = 9.7291 Swedish crowns)

($1 = 0.8775 euros)


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