Judges at the EU's General Court in Luxembourg backed Alphabet Inc.'s challenge to a €1.5 billion fine, stating regulators made key mistakes in their probe.
The European Commission had concluded that Google, as a dominant online ad broker, illegally prevented rivals like Yahoo and Microsoft from placing ads.
The ruling on the €1.5 billion fine comes in the wake of the EU's recent victories over Google's monopoly abuse and Apple’s tax avoidance efforts.
Alphabet shares saw a slight increase following the ruling, indicating market confidence despite ongoing legal challenges from European regulators.
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