The world’s most popular search engine, Google has reportedly submitted its proposals to settle the European Union antitrust investigation that the web giant is abusing its dominance in online search.

A guilty verdict on such charges (company has violated European antitrust laws) could mean a fine as much as 10% of global turnover, which could mean up to $4 billion in Google’s case.

Google holds more than 60% of the search market internationally and about 90 percent of the search market share in Europe.

European Union regulators said, it had received detailed proposals from the Google Inc., which has been under investigation following complaints from more than a dozen companies, including Microsoft, that Google has used its market power to block rivals.

A Google spokesman said the firm “continues to work cooperatively with the commission.”

The EU launched its investigation of Google in November 2010 when several firms including Microsoft and other smaller rivals in Britain, Germany, France, Spain, Italy and the US have complained about Google.

Lobby group ICOMP tweeted this morning: “MLex are reporting Google have responded to the EC with a proposal to remedy their search-advertising model.”

• Google-Motorola Mobility $12.5 billion Deal gets China OK, layoffs imminent
  Chinese anti-trust authorities have approved Google-Motorola Mobility, $12.5 billion Deal, with a pledge from Google that it would keep Android free and available without discrimination to all device …
• Google still tops search rankings, with Bing growing fast
  It appears that, Microsoft continues to strengthen Bing’s position in the search engine market. comScore tallied a an 8.9 increase in percentage points for Bing site searches in August, while Google d…
• Biggest and Most Expensive Acquisitions So Far By Google
  In the last decade, The search giant Google has been one of the biggest acquirers in the technology sector. The Google is generally recognized as the most acquisition-friendly company in the industry….
• Short review on Microsoft-Yahoo Deal and Bing 2.0
  Microsoft Corp. and Yahoo! Inc. have been asked by the U.S. Justice Department for more details on a proposed Internet-search partnership. The companies expect to be asked about their search-engine in…
• Google slows hiring, Eric Schmidt To Step Down!
  I think he just disaggreing with the fact that to survive the crisis he will have to be evil. He may not want to be a part of that travel …

  These days CEO Eric Schmidt is devoting much of his pub…

• Top Most Popular Search Engine Optimization, Best SEO marketing Websites
  1) SearchEngineLand.com- Search Engine Land is a news and information site covering search engine marketing, searching issues and the search engine industry. This site is led by journalist Danny Sulli…
• How Google’s new Search Snippets is more Useful?
  Google has introduced a new feature that I can only describe as ‘results within results.’ For instance, when you do a search about “trans fat” or “good cholesterol levels,” the first results offer lin…