Alphabet Rises on Report Google Facing Modest Antitrust Fine (1)

(Adds shares.)

Google is set to face a modest European Union antitrust fine in the coming weeks for allegedly anti-competitive practices in its adtech business, Reuters reports, citing three unidentified people with direct knowledge of the matter.

• Shares of Google parent Alphabet +1.1%, outperforming the market; the Nasdaq 100 Index is down 1.3%
• Google will not be ordered to sell part of its adtech business
• EU may not have to issue a breakup order at all as US judge will soon issue ruling on possible remedies for Google’s dominance in ad tools used by online publishers, Reuters says
• EU regulator ...