Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages

TL;DR

A Swedish court ordered Google to pay Klarna’s PriceRunner unit nearly two billion dollars for favouring its own shopping service over rivals.

A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, handed down on Tuesday by the Patent and Market Court in Stockholm, is the largest competition damages award in Swedish history. Presiding judge Linda Kullberg called it the largest competition damages award ever handed down in a Swedish case.

Klarna values the total award at nearly two billion dollars once interest is included. PriceRunner had originally sued in 2022, seeking roughly two billion euros in compensation for lost profits in the United Kingdom, Sweden, and Denmark. The claim ballooned to about 78 billion kronor when accrued interest was added, but the court rejected the vast majority of...

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