Klarna Announces Swedish Court Awards $1.97B In Damages To PriceRunner Against Google In Lost Revenue

Klarna Group plc (NYSE: KLAR ) today announces that the court has ruled in PriceRunner’s favor, awarding $1.97 billion in damages in an antitrust case brought by PriceRunner against Google. The award compensates for lost revenue caused by Google's preferential treatment of its own comparison-shopping service over independent price-comparison services, conduct that also drives up costs for consumers.