On December 21, 2024, Alphabet's Google proposed a loosening of its agreements with Apple and other partners that designate Google as the default search engine on new devices. This offer aims to address a U.S. ruling that found Google unlawfully dominates online search.
The proposal is a narrower remedy compared to the government's push for Google to sell its Chrome browser, which Google has called a drastic intervention. Google urged U.S. District Judge Amit Mehta to proceed cautiously in determining remedies.
This strategic move by Google seeks to restore competition while avoiding more severe structural changes to its business. The outcome of these negotiations will significantly impact Google's search revenue and its relationships with key partners.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.