According to a new AllThingsD report, Internet search giant Google - which is facing an ongoing antitrust investigation by the European Commission (EC) - has submitted new proposals about the manner in which it intends carrying out its search business.

The submission of proposal by Google apparently came at the last minute; with the negotiations in Brussels going to the wire, just barely hitting a 12 midnight (Brussels time) deadline.

Despite the fact that Google has refrained from disclosing the subject-matter of its proposal, which is yet to be made public, reports have revealed that the company has probably laid down the terms under which it is willing to work out a settlement with the EC, to bring an end to the commission's probe into the company's anti-competitive business practices in the European region.

The settlement proposal submitted by Google comes amid EC's investigation into accusations that the company has flouted several strict competition laws in Europe by following competition-thwarting business practices.

Since the EC may slap massive fines on Google for its anti-competitive behaviour, the company - which holds a dominant, nearly 90 percent, share of the Internet search market in Europe - is trying to settle the case with the commission.

Meanwhile, with the settlement proposal having now been submitted by Google, a spokesperson of the company said: "We continue to work cooperatively with the European Commission."