Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU's General Court said it was throwing out the 2019 penalty imposed by the European Commission,

Google captured a much-needed antitrust win on Wednesday after persuading the European Union’s second-highest court to toss a $1.7 billion fine imposed by the bloc's competition watchdog.

In an effort to quell monopoly concerns in the EU, Google reportedly offered to sell its AdX advertising marketplace. Sources told Reuters that European publishers rejected Google's offer, arguing that the company would have to divest more in order to dismantle the conflicts of interest in its online advertising operations.