MY KOLKATA EDUGRAPH
ADVERTISEMENT
regular-article-logo Thursday, 19 December 2024

Alphabet’s Google to pay $700 million and revamp its Play app store in antitrust settlement

Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, according to the settlement, which still requires a judge’s final approval

Reuters Bangalore Published 20.12.23, 11:16 AM
Payback time

Payback time Sourced by the Telegraph

Alphabet’s Google will pay $700 million and revamp its Play app store to allow for greater competition as part of an antitrust settlement with US states and consumers, according to the company and filings in San Francisco federal court on Monday.

Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, according to the settlement, which still requires a judge’s final approval.

ADVERTISEMENT

The settlement said eligible consumers will receive at least $2 and may get additional payments based on their spending on Google Play between August 16, 2016 and September 30, 2023.

All 50 states, the District of Columbia, Puerto Rico and the Virgin Islands, joined the settlement.

Google was accused of overcharging consumers through unlawful restrictions on the distribution of apps on Android devices and unnecessary fees for in-app transactions. It did not admit wrongdoing.

Lead plaintiff Utah and other states announced the settlement in September, but the terms were kept confidential ahead of Google’s related trial with “Fortnite” maker Epic Games.

RELATED TOPICS

Follow us on:
ADVERTISEMENT
ADVERTISEMENT