London/Paris (CNN Business) France's antitrust regulator has fined Google nearly $600 million and given the company two months to come up with proposals on how to pay publishers for their content or face more punishment. Google GOOGL The regulator said in a statement on Tuesday thathad disregarded several injunctions related to the tech company's negotiations with French news publishers. Google was fined €500 million ($592 million) over its failure to comply. If the search giant does not present compensation offers to publishers within the next two months, it faces additional penalties of up to €900,000 ($1.1 million) per day. "When the regulator imposes obligations for a company, it must comply scrupulously, in both the spirit and letter.

Source: CNN July 13, 2021 10:52 UTC