Google Agrees To $700M Settlement In Antitrust Case, Promises Play Store Policy Revisions
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Benzinga
Benzinga
Alphabet Inc.’s Google (NASDAQ:GOOGL), (NASDAQ:GOOG) has decided to settle a recent antitrust case for $700 million, alongside committing to amend its Play Store policies to encourage competition. What Happened: On Monday, details shared with a San Francisco federal court revealed that Google will allocate $630 million to a consumer settlement fund and $70 million to a state fund, as per Reuters. The settlement, still pending final approval from a judge, states that eligible consumers, who made purchases on Google Play between Aug. 16, 2016 and Sept. 30, 2023, could receive at least $2, with a…