$Alphabet - C(GOOG.US) +7% AH after a federal judge ruled that $Alphabet - C(GOOG.US) does not have to divest its Chrome web browser, and can continue to make payments to third parties, including Apple, for default browser placement. $Alphabet - C(GOOG.US) will have to share some of its search data with competitors. This is a major win for GOOG although was at least partially expected. $Apple(AAPL.US) shares surged +4% AH as it will be permitted to continue ye receiving payments from $Alphabet - C(GOOG.US).
(Bloomberg) -- Alphabet Inc.’s Google will have to share some of its search data with competitors, but will not have to sell its popular Chrome web browser, a federal judge ruled Tuesday in the Justice Department’s landmark antitrust case against the search engine.The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search. The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix.The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms Inc.,The copyright of this article belongs to the original author/organization.
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