Swedish court orders Google to pay $1B in damages to PriceRunner

A Swedish court has ordered Google to pay Klarna subsidiary PriceRunner approximately $1.47 billion in antitrust damages, delivering one of the largest civil judgments in Swedish legal history.

A claim that kept growing

PriceRunner originally filed its antitrust damages lawsuit against Google in Sweden’s Patent and Market Court in 2022. What started as a roughly $2.4 billion demand ballooned to approximately $8.3 billion by the time the case went to trial in late 2025, making it the largest civil claim in Swedish history.

The trial itself ran from October 20 to December 19, 2025. The verdict was initially expected in April, then pushed to June, before finally landing on July 1, 2026.

While PriceRunner asked for $8.3 billion, the court awarded roughly $1.47 billion. For context, it dwarfs the original European Commission fine of approximately 2.42 billion euros that started this whole chain of events back in 2017.

How we got here

The roots of this case stretch back to 2017, when the European Commission ruled that Google had abused its dominant market position by systematically prioritizing its own Google Shopping service over competitors in search results, resulting in a €2.42 billion fine.

The European Court of Justice affirmed that ruling in 2024, removing any remaining legal ambiguity about whether Google had actually violated antitrust law.

Klarna acquired PriceRunner in the 2021-2022 timeframe, inheriting both the comparison-shopping platform and the legal battle attached to it.

What this means for investors

For Klarna, any potential award will be subject to taxation and revenue-sharing agreements with prior shareholders and those who funded the litigation.

Google is widely expected to appeal the ruling, meaning actual payment could remain distant.

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