Google Avoids EU Antitrust Fine

Has agreed to change how it displays links from competitors

(Reuters) - Google agreed to make concessions on how it displays competitors' links on its website on Wednesday, in a deal with the European Union regulator that ended a three-year antitrust probe and avoided a fine.

The agreement means the world's dominant search engine has avoided a process that could have lead to a fine of up to $5 billion, or 10 percent of its 2012 revenue. It must stick to the deal for the next five years.

However, Google may still face a second EU investigation, this time into its Android operating system for smartphones, with potentially bigger risks for the company.