Expression Blend

Court Decision On Google’s Search Monopoly Put Off For A Year





The judge presiding over the antitrust case against Google parent company Alphabet (GOOG/GOOGL) has put off a decision on how to manage the company’s illegal search monopoly until August 2025.

Last month, it was ruled in court that Google illegally monopolizes the market for online search, a blow to both Alphabet and its stock.

Now, Judge Amit P. Mehta of the U.S. District Court for the District of Columbia said he intends to make his decision next summer on how to rectify Google’s monopoly in online search.

The judge has also asked the U.S. Justice Department to share its proposed remedies with Alphabet by the end of this year.

The timing was set by the judge at a hearing where Alphabet and the U.S. Justice Department differed on when and how the proceedings should unfold in coming months.

Alphabet wanted the Justice Department’s proposed remedies to be disclosed by the end of this September, while Justice Department officials requested until February of next year.

Judge Mehta has requested that the U.S. Justice Department submit proposed remedies by the end of December this year and said he will render his decision in the case in August 2025.

Following the court ruling that Google holds an illegal monopoly in online search, several rivals and some politicians have called for the break-up of Alphabet’s business.

It’s not clear if the judge in the case will go so far as to order a break-up of Alphabet’s various operations.

The stock of Alphabet has risen 10% over the past 12 months and is currently trading at $150.92 U.S. per share.



Source link

About The Author

Scroll to Top