The call for action by 11 online and media companies reflects the frustration of small competitors at the pace of a two-year long investigation by the European Commission into the Internet powerhouse. The EU antitrust authority is now examining fresh proposals put forward by Google in January to end the investigation and avert a possible fine that could reach $5 billion or 10 percent of the company’s 2012 revenues. Neither the Commission nor Google, which has a market share of over 80 percent in Europe, has provided details of the offer which came after rivals, including Microsoft, accused Google of using its market dominance to block competitors. Get the full story at Skift.com