Google to settle PlayStore antitrust lawsuit in the US for $700 mn, to allow for greater competition
Alphabet’s Google has reached an agreement to settle an antitrust lawsuit in the United States, agreeing to pay $700 million and take measures to allow for better competition in the Android ecosystem, as far as its Play Store app marketplace is concerned. The terms of the settlement were disclosed on Monday in a federal court in San Francisco, outlining Google’s commitment to fostering a more competitive environment. According to a statement from the company, Google will allocate $630 million to a settlement fund for consumers and an additional $70 million to a fund designated for states. The antitrust case centred around allegations that Google engaged in overcharging consumers by imposing unlawful restrictions on app distribution on Android devices and implementing unnecessary fees for in-app transactions. However, Google did not admit to any wrongdoing as part of the settlement. While the settlement awaits final approval from a judge, lead plaintiff Utah and other states initial...