Klarna's PriceRunner Wins $1.97 Billion Antitrust Verdict Against Google in Swedish Court
- Stockholm's Patent and Market Court ruled July 1 that Google abused its dominance in general search by self-preferencing its comparison-shopping service, awarding PriceRunner — acquired by Klarna in 2022 — roughly $1.97 billion in damages, the largest figure ever in a Swedish competition case.
- Google said it will appeal; the case mirrors the long-running EU Google Shopping precedent and could open the door to copycat suits from other price-comparison and travel-search firms.
- The win bolsters Klarna's "agentic commerce" pitch ahead of any potential IPO or strategic transactions, while adding to the pile of regulatory headwinds facing Alphabet in Europe.